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Wednesday, March 23, 2011

Sector On The Move - Rare Earth Metals

Rare Earth Metal stocks have been quite so far this year as shares of sector leader Molycorp (MCP) were up only 3.61% while more speculative play like China Shen Zhou Mining (SHZ) were down 42% so far.  However two days ago the who sector got a boost from Molycorp as the company expect no impact on the crisis in Japan and higher rare earth metal price.  In two days Rare Earth Metal stocks such as SHZ, REE, AVL, XING, GMO and CHGS all moved higher.  Now that KD line of all rare earth metal stocks are pointing up, expect the bullish trend to continue.

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