I have spent some time looking at this chart given the recent excitement around Rare Earth metals. I am a huge fan of metals in general, so I hope that doesn’t get in the way of my opinion. I have thrown a few other indicators at this chart before I arrived at this position. Please let me know if you agree or disagree with my thoughts about this. I am here to...
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...
Wait till REMX breaks the descending red trendline and CMF starts heading positive. The vitals don't look great under the hood yet... but the stop is very nice just under that green multi-year support trendline.
REMX Van Eck Vector's Rare Earth Strategic Metals ETF,
rose over 3 % today, making it's gain in May now over 6 %,
while the Dow comparatively is down 6 % for the month.
That type of bullish divergence means something very bullish is going on under the radar
that market participants are recognizing, and thus want to own , and accumulate.
China controls 70 % of...
Guess who produces most of the world rare earth magnets which we need for electronics like phones, computers and many other things. China China China.
Guess which ETF saw all time high spike in volume yesterday. Not advice. DYOR. #tradewar
Van Eck Precious Metals is showing a CCI entry point for potential short-term to medium hold. I remain neutral and await more volume or price confirmation.
VanEck Vectors Rare Earth/Strategic Metals ETF (NYSEMKT:REMX), a tiny ETF with only $57 million in net assets, which emulates the holdings and performance of the MVIS Global Rare Earth/Strategic Metals Index.