Rare Earth Metals Investment - Rare Element Resources Ltd.
There are very few public traded rare earth metals stocks available and beside Molycorp another public traded is the Canada based Rare Element Resources Ltd.(REE). Shares of Rare Element Resources have been on a wild ride for the past 5 months as the price went from $1.15 per share in June to as high as $14 in October, making a incredible 1100% gain in just four months. The stock has dropped back below $10 to $9.95 recently and is approaching 50 day moving average. From the technical chart the KD lines indicate a bounce back yet if K line dropped below D line again there could be more sell-off. So at this point it would be better to stay on the side line and wait till the dust settles.