The rare earths look terrible again today, especially the forever rotten junior rare earths (e.g. AVL, QRM, REE, etc), and as I tried to teach MCP bagholders many times before, NO single stock can defy the VERY BEARISH trend of its dying sector.
Today's phony MCP upmove is a slimy fund contrivance solely designed to scam more call option suckers....the existing call owners are being scammed into holding an extra day and tomorrow they likely will be wiped out.....while new prospective amateur call buyers are being scammed into buying even more WORTHLESS call options for future months.
It is really pathetic how many amateur boobs fall prey to these slimy funds but there is NO denying that the sick rare earth sector can only fall into the close of the year.
You are proof that false assumptions lead to false conclusions.
In a difficult market, only the strong prosper. Molycorp is the only vertically integrated RE miner with scale in its mining, refining and downstream production of RE products. The "Juniors" only have the hope of being acquired or of selling their ore at prices favorable to Molycorp.
I hope, but do not know, that the silence out of Molycorp is due to their focus on getting Phoenix I running at full scale. We will know a lot more early in November.