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 Robinhood Signup: share.robinhood.com
if remx closes above the line - long term buy.. wait and watch
REMX - as price reaches vertex of triangle, the volume increases hugely. Price been mostly flat since. Waiting for China market to go up and this will fly many multiples!
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...
There is a huge discount for the investment. The ongoing USA-China trade war has the potential to significantly increase these commodities. China can, in fact, limit supply, thus pushing up the price and thereby offsetting losses in tariffs.
I have bearish bias on $DXY for the moment, and I need $REMX to make bullish reversal, for me to build several long positions on $AUDUSD.