Natural resource bubbles in a stock marketHappen every year. End of 2004 created a huge oil bubble. This is driven by a large-scale investor interest in a certain commodity. You could see oil bubble somewhat tanking nowadays, only leaving real winners like CLL and UTS, and driving even optimistic companies like MIG and QEC downwards.
The recent uptrend in Moly prices made me choose UNB as the next company to invest in. I could see Moly bubble forming in the future, but that did not happen yet. I would look closely at AUA for signs of the forming Moly bubble. Also, keep in mind, there is not as much competition as with oil, so the bubble will expand at a much rapid pace.
You could take recent UNB growth as a positive in an environment where other Moly stocks have not moved up yet. If AUA starts to move, that will resonate the interest in Moly across the exchange, and UNB will have additional afterburners as a bonus.
I have a feeling, if Moly prices hold, and they most likely will, we could see the onset of the Moly bubble in the spring of 2006. Around that time, possibly, it would be a good time to flip your UNB shares for AUA - maximizing your profit.