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Molycorp, Inc. Message Board

  • buyornotto buyornotto Feb 4, 2013 1:15 PM Flag

    Here is the deal with rare earth pricing, China's smog problem is getting worse.

    It has been said in news China will clammed own on illegal mining because of the pollution issue and also the depressed pricing of rare earth.

    There is a good chance rare earth pricing will be going back up instead of under pressure.

    t happen to Gold during early 2001 when gold went down to under $300 an ounce when Bank of England was dumping it into the open market as throwing away their gold reserves. I lost over $100,000 because of that an forced me to sell at the bottom.

    If I hold it until now, I could have made a killing fro gold.

    The lesson is hold rare earth when pricing is depressed because at some time in the future, China or world events could easily create the same atmosphere where Gold was so depressed and suddenly reverse itself and prices shoot up much higher.

    I think same thing will happen to rare earth stocks. MCP could make it to $60 again and possibly over $100. The question is do Chinese companies in mining want to make more money or not or just sell rare earth at cheap prices forever.

    China already holds 80% market shares, what more do they want? My guess is China wants rare earth pricing up to a more profitable level so their mines can make some decent money and even for their mine workers.

    Ming.

 
MCP
1.43+0.03(+2.14%)Oct 21 4:02 PMEDT

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