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.
Keep an open mind, or get financially repressed -Zoltan Pozsar
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
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <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
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <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.
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?
Q: Are You Printing Money? Bernanke: Not Literally
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.
To forgive is to free a prisoner, and to discover that prisoner was you.
<< <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.
Keep an open mind, or get financially repressed -Zoltan Pozsar
<< <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. >>
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.
Keep an open mind, or get financially repressed -Zoltan Pozsar
Comments
--Severian the Lame
Keep an open mind, or get financially repressed -Zoltan Pozsar
--Severian the Lame
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Keep an open mind, or get financially repressed -Zoltan Pozsar
<< <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
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <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.
Keep an open mind, or get financially repressed -Zoltan Pozsar
I knew it would happen.
Knowledge is the enemy of fear
<< <i>I have a small position in XING. >>
it appears doing well today ^18+%
Hey! what do you know, we agree on something.
I know, who cares? Just thought they were pretty bad asre for the time.
<< <i>I have a small position in XING. >>
up 30% today already..
<< <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
Keep an open mind, or get financially repressed -Zoltan Pozsar
<< <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.
Knowledge is the enemy of fear
I am 2/3rds into rare earths 1/3rd into silver in my IRA.
I am pleased at this point.
<< <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.
<< <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!
<< <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...
Knowledge is the enemy of fear
<< <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.
Keep an open mind, or get financially repressed -Zoltan Pozsar
<< <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!
<< <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.
Keep an open mind, or get financially repressed -Zoltan Pozsar