This article was posted by the WSJ on Thursday "China Denies Halting Rare-Earth Exports to Japan". Remember China hold ~97% of the world's rare earths production.
The rare earth sector has already been on fire, but this just dumped a barrel of gasoline. Here are 2 traded on the US exchanges:
Rare Element Resources Ltd. – Up 32% since the Thursday's announcement. Up 114% in 1 month.
Molycorp, Inc. - Up 13% since the Thursday's announcement. Up 86% in 1 month.
The masses are far away from this sector. Once would think a 100%+ gain is time to get out and celebrate, nope, I am looking for 5-15 times gains in the years to come.
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