Home› Precious Metals

Rare Earth Elements

derrybderryb Posts: 36,793 ✭✭✭✭✭
in Precious Metals
Hope somebody took my earlier tip on REE. Up 15% yesterday and another 24% this morning!

"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

Comments

  • ProofCollectionProofCollection Posts: 6,117 ✭✭✭✭✭
    Why didn't you post it in the December stocks/options/futures trading thread?
  • MMRMMR Posts: 372
    I have been in LYSCF and GWG since last spring, they have both done quite well also.
    My eBay auctions - nothing now
  • WeissWeiss Posts: 9,941 ✭✭✭✭✭
    I didn't and I've been kicking myself for having not. image
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    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.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • WeissWeiss Posts: 9,941 ✭✭✭✭✭
    Been watching them both. Determined they'd both risen too much to be a bargain. That was %%%%%% ago image
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    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......
  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    Bought MCP in Sept. at $17, plenty of breathing room.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭


    << <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......
  • derrybderryb Posts: 36,793 ✭✭✭✭✭


    << <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.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • jmski52jmski52 Posts: 22,824 ✭✭✭✭✭
    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

    I knew it would happen.
  • cohodkcohodk Posts: 19,103 ✭✭✭✭✭
    I have a small image position in XING.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • 57loaded57loaded Posts: 4,967 ✭✭✭


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



    it appears doing well today ^18+%
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Trade it at your own peril............MJ

    Hey! what do you know, we agree on something. image
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    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.
  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭


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



    up 30% today already..
  • WingsruleWingsrule Posts: 3,010 ✭✭✭✭
    As long as REE is above 20 two years from now...
  • derrybderryb Posts: 36,793 ✭✭✭✭✭


    << <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

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,103 ✭✭✭✭✭


    << <i>

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



    up 30% today already.. >>




    62% as of 5:39pm.image


    A nice way to end the year.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • MMRMMR Posts: 372
    Stunning...

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

    I am pleased at this point.
    My eBay auctions - nothing now
  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭


    << <i>

    << <i>

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



    up 30% today already.. >>




    62% as of 5:39pm.image


    A nice way to end the year. >>



    Damn, could have doubled my money with a buy yesterday.
  • 57loaded57loaded Posts: 4,967 ✭✭✭


    << <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!image
  • MMRMMR Posts: 372


    << <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!image >>



    Yep. Its just like Vegas! Double down on black, and let it ride for now...
    My eBay auctions - nothing now
  • 57loaded57loaded Posts: 4,967 ✭✭✭
    i completely understand the Vegas part but with your IRA?image
  • HalfStrikeHalfStrike Posts: 2,202 ✭✭✭
    I only own the one getting ready to start production next year.
  • cohodkcohodk Posts: 19,103 ✭✭✭✭✭
    Sold 1/3 position in XING at ave of 3.15. 70% gain.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,793 ✭✭✭✭✭


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


    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. image

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • MMRMMR Posts: 372


    << <i>

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


    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. image >>



    CORRECT!
    My eBay auctions - nothing now
  • wpr102wpr102 Posts: 37
    Why did they go up so much in the past couple days?
  • derrybderryb Posts: 36,793 ✭✭✭✭✭


    << <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.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

Sign In or Register to comment.