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) ??
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?
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