Rare Earth Update

A few days ago we blogged about rare earth being more valuable than gold. If you missed that blog posting on January 27th, you can read it here if you wish.

The stock mentioned in this blog posting was a stock trading on the NYSE named MOLYCORP, symbol MCP. Since that posting, MOLYCORP has moved up over 8 dollars in very active trading. In fact, the stock was up over 9% yesterday and up over 18% since we mentioned it to five days ago.

Take a quick look at the chart below and you can compare what we said back on the 27th right here. Continue reading "Rare Earth Update"