Rare Earth Elements

derryb

Hope somebody took my earlier tip on REE. Up 15% yesterday and another 24% this morning!

ProofCollection

Why didn't you post it in the December stocks/options/futures trading thread?

MMR

I have been in LYSCF and GWG since last spring, they have both done quite well also.

Weiss

I didn't and I've been kicking myself for having not.

derryb

Keep an eye on MCP as well. They are the only two rare earth plays on US exchanges that I am aware of. China controls 97% of rare earths and has put a big limit on exports trying to get foreign companies to set up shop in China to process them.

Weiss

Been watching them both. Determined they'd both risen too much to be a bargain. That was %%%%%% ago

Justacommeman

Molycorp (MCP) just dropped $6 in a matter of minutes. $55 to $49. This is a news driven, momentum traded and heavily shorted stock. Trade it at your own peril............MJ

derryb

Bought MCP in Sept. at $17, plenty of breathing room.

Justacommeman

<< <i>Bought MCP in Sept. at $17, plenty of breathing room. >>



Ya, but that's past tense. Since, it was mentioned by you today so one could only buy it today. People should know the risk/reward. It can go down A LOT in a hurry. It can go up more as well. If smoeone bought this today at $55 or $53 they hate rare earth.

I also own MCP cheap..................MJ

derryb

<< <i>

<< <i>Bought MCP in Sept. at $17, plenty of breathing room. >>



Ya, but that's past tense. Since, it was mentioned by you today so one could only buy it today. People should know the risk/reward. It can go down A LOT in a hurry. It can go up more as well. If smoeone bought this today at $55 or $53 they hate rare earth.

I also own MCP cheap..................MJ >>


Mentioned it here when it was below $35

I'll also mention ETF REMX which seems to lag MCP and REE. Might not be too late to jump in.

jmski52

fc mentioned it a year ago, and there have been a few articles on Kitco, etc for the past few months. I'm in MJ's camp. Trade it if you think you know the market, but geez - if you don't know the market, aren't you jumping in with the sharks somewhat randomly?

RedneckHB

I have a small position in XING.

57loaded

<< <i>I have a small position in XING. >>



it appears doing well today ^18+%

piecesofme

Trade it at your own peril............MJ

Hey! what do you know, we agree on something.

piecesofme

Rare Earth...one of my favorite bands from the '70's. They were the 2nd all-white band member band to sign with Motown. Can you name the 1st without looking it up anywhere?

I know, who cares? Just thought they were pretty bad asre for the time.

DrBuster

<< <i>I have a small position in XING. >>



up 30% today already..

Wingsrule

As long as REE is above 20 two years from now...

derryb

<< <i>As long as REE is above 20 two years from now... >>


I believe it will be there in the next 3-6 months if not sooner

RedneckHB

<< <i>

<< <i>I have a small position in XING. >>



up 30% today already.. >>




62% as of 5:39pm.


A nice way to end the year.

MMR

Stunning...

I am 2/3rds into rare earths 1/3rd into silver in my IRA.

I am pleased at this point.

DrBuster

<< <i>

<< <i>

<< <i>I have a small position in XING. >>



up 30% today already.. >>




62% as of 5:39pm.


A nice way to end the year. >>



Damn, could have doubled my money with a buy yesterday.

57loaded

<< <i>Stunning...

I am 2/3rds into rare earths 1/3rd into silver in my IRA.

I am pleased at this point. >>



i hope you are watching that like a hawk!

MMR

<< <i>

<< <i>Stunning...

I am 2/3rds into rare earths 1/3rd into silver in my IRA.

I am pleased at this point. >>



i hope you are watching that like a hawk! >>



Yep. Its just like Vegas! Double down on black, and let it ride for now...

57loaded

i completely understand the Vegas part but with your IRA?

HalfStrike

I only own the one getting ready to start production next year.

RedneckHB

Sold 1/3 position in XING at ave of 3.15. 70% gain.

derryb

<< <i>i completely understand the Vegas part but with your IRA? >>


An IRA is long term for most people (not myself) and there really is no long term market safety. Current events show nothing to be "safe" in the long term, especially in light of the fact that Wall Street has turned investing into gambling. Might as well step up to the table and roll them dice yourself.

MMR

<< <i>

<< <i>i completely understand the Vegas part but with your IRA? >>


An IRA is long term for most people (not myself) and there really is no long term market safety. Current events show nothing to be "safe" in the long term, especially in light of the fact that Wall Street has turned investing into gambling. Might as well step up to the table and roll them dice yourself. >>



CORRECT!

wpr102

Why did they go up so much in the past couple days?

derryb

<< <i>Why did they go up so much in the past couple days? >>


Take your pick

Mainly because China currently controls over 95% of production and is squeezing the market with export limitations in an effort to get buyers to open shop in China to process their purchases. The rush is on to explore and extract elsewhere. US demand is highlighted by military use of the rare earths in "national defence" weaponry and technology. This will surely result in "cost is not an issue" as far as US government consumption is concerned.