Year Twenty Begins
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FEEDThe longer I live, the shorter life gets. It’s a truism, I suppose, and
one of many which occur to humans as the years roll by. See, I started
Slope as...
2010-09-27
Rare earths running
The story about China cutting off rare earth exports to Japan last week, which they quickly denied was the case, has lit a fire under rare earth elements. The chart above compares the two month returns for China Rare Earth (0769.HK), which I own, against MolyCorp (MCP), which I didn't buy just after the IPO at the end of July because I figured I could pick shares up later...
China Rare Earth is up another 11% in Hong Kong today (this gain is not included in the chart above) and it has been rising all day. That suggests MCP could see another big pop in U.S. trading later today.
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