The Federal Reserve during the FOMC and in its SEP has hinted greatly towards deep rate cuts in 2024 because they see the CPI going down and no longer feel the need to tighten further, and are under the assumption that great progress has been made. I for one do not agree with this perspective and think rates need to go much higher before inflation can truly be...
On the 4H chart the price is rising above support and the recent bottom. On the MACD indicator, the lines have risen above the zero line and over the positive histogram. The moving average "Williams Alligator" combination shows divergence with the short period MA rising the fastest. On the volume indicator, high solid relative volume occurred as the price...
Money Flow Index shows that money is flowing out. There is strong support but it is on the verge of a break downwards.
This first entry got stopped out and now MP Materials is higher, however it is now hitting the 1.13 retrace and may be setting up to come back down within the range if this is a false move like i expect it is. I will officially call the trade off it it trades above the level of $62 and my profit taking targets will be first $30 then $10. I will be trading this in...
The resistance level has been broken with the minimum target level around 120.
Bull Case on Chinese REE Miners: Increasing domestic pressure to restrict REE exports from China. China accounts for 60% of the world's mining of REE, China also accounts for over 80% of the world's REE refining. Refining is environmentally intensive & damaging. The US & Australia are building out domestic supply chains, but unless they are willing to fight...
Thanks for viewing, I get a lot of satisfaction from identifying assets and asset classes that are under-valued. That means looking at some rather hopeless looking charts and looking for potential. Identifying under-valued assets e.g. commodities in chronic supply deficit is also a great way to both diversify a portfolio with uncorrelated (or negatively...
The Vaneck Rare Earth Metals ETF indicates an overall trend reversal in rare earths. The RSI - Relative Strength Index has not confirmed the lows of 2020 compared to the lows of 2016 and has built up a massive divergence on a monthly basis. In the course of the upward movement, the 2018 highs are likely to be surpassed, which from today's perspective would...
This ETF holds exposure to several companies that are involved in the process of producing refining and recycling of rare earth and strategic materials and minerals, that might get influenced by the latest news from China. China that controls about 90% of the market, and 70% of the global production of rare earths, said this month that it's raising its annual...
This trade is based on the rising tensions between China and US, China is out of its tariffs card and may resort to other retaliation options. At this time, rare earth metal production is dominated by china, and some of these metals are essential for electronics, magnets, etc... If china resorts to restrict the export of these metals then REMX ETF (a basket of...
I decided to rebuy into my previous long term loss- REMX www.reuters.com we declined 20% from the trendline (typical decline) I am not happy with technicals for this trade, pure fundamentals only...
REMX formed 2 island reverals (a big one and a smaller one at 0.382 fibo) resistance at 16.9-17.16