Posted on: 03-11-10 08:00:07
REMX - a good long term (or even short term) buy.
Rare Earth Metals have been in the spot light recently...
Desi pros, Would you recommand buying this ?
REMX-NYSE is the youngest (only 5days old) & the only ETF on the Rare Earth metal sector. China controls 97% of the world's rare earth market, & is already playing its cards by restricting its exports. Supply & demand situation is already out to norm, & Japan is already scrumbling with short supplies.
For a single ticket REMX is the best way to gain exposure & still keep risk low, or one has to buy the individual companies increasing risk exposure.
You know how we can predict the behavior of Oil and Gold ETFs (for example) by looking at oil and gold prices, is there a source (website) where we can see the prices of REM (Rare Earth Metals) ??
Quote:
Originally posted by jigz787
You know how we can predict the behavior of Oil and Gold ETFs (for example) by looking at oil and gold prices, is there a source (website) where we can see the prices of REM (Rare Earth Metals) ??
The ETF is REMX-NYSE. You can check at Google finance, yahoo finance, stockcharts.com, stockhouse.com, bigcharts.com, there are several of them offering free.
Regarding prediction, analysis, risk factor its all case by case scenerio.
In any prediction, you have to go by the justification. Its not astrology, as nothing happens without any reason. And what is good today may not be good after some time (specially when there is a material change). Like on 28th James Turk: gave a prediction for Silver to touch $30 in 18days, now we are on the 11thday its already $28.60 now, here is the http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/10/28_James_Turk_-_Silver_$30_in_Less_Than_18_Days.html
As far as
Gold: Gold is benefitting due to the flood of money moving away from Fiat currency, finding a safe heaven. When US Dollar looses value as a world reserve currency, where else can an individual go to protect its value.
Silver is on fireworks (since last 10days) because of a short squeeze, & a possible physical shortage of the bullion dealers.
Oil: is just a US dollar inverse play, Oil has its limit, it cannot go very high as there is still oversupply & inventories are very high.
REM: Probably the best play, as China's negotiating power for the world.
What I meant is how to find the prices of rare earth metals itself ??? Not the ETF.
It doesn't seem like widely traded commodity. Are those metals traded anywhere?
Quote:
Originally posted by jigz787
What I meant is how to find the prices of rare earth metals itself ??? Not the ETF.
It doesn't seem like widely traded commodity. Are those metals traded anywhere?
This will give you some heads up in Rare Earth Metals http://dailyreckoning.com/chinas-leg-up-in-the-rare-earths-market/
