For Immediate Release
Chicago, IL – 07/27/2011 – Zacks highlights commentary from People and Picks Trader “inthemoneystocks.
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Rare Earth Plays Will Make You Rich
Rare earth stocks are soaring today, led by Molycorp, Inc. (NYSE:MCP - News), trading at $64.47, +4.62 (+7.72%). This monster move higher is due to three factors. The first is the continued fear over a Chinese monopoly on rare earth, the second is due to future demand of rare metals used to create things the world will need and the final is the fact that rare earth can be looked at as a safety net like gold in a time when Europe is a mess and the U.S cannot get a budget passed.
Other stocks like Avalon Rare Metals (AMEX:AVL - News) and Rare Element Res Ltd Ordinary Shares (AMEX:REE - News) are also having significant pops.
The two small cap plays that could be the biggest gainers if this run in rare earth plays continues is China Shen Zhou Mining & Resources Inc. (AMEX:SHZ - News) and China GengSheng Minerals, Inc. (AMEX:CHGS - News) . Both stocks are trading near their recent lows with SHZ currently trading at $3.30, down from a 52 week high of $10.84. CHGS is trading at $1.74, down from a 52 week high of $6.74.
What makes these small Chinese rare earth plays so attractive is mainly their current pricing with rare earth prices soaring, and bullish consolidation on the daily charts. Keep these on high alert as they may make a move in the near term as MCP soars.
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