This is getting crazy...
We must establish our own source of rare earths, or as we've been saying, we're royally screwed. Prices are still running higher. China is still hoarding them. And we have no alternative solutions to rare earth. Things will only get worse from here.
That means you want to own rare earth stocks, like the Market Vectors Rare Earth Metals ETF (REMX), Molycorp (MCP), Elissa Resources (ELI.V) and the Greenland stock we've mentioned.
According to Rare Earth Investing News, “the cost of many rare earth elements has defied analysts’ predictions with steep price increases since the beginning of the month. For instance in the last week, the price of dysprosium has risen from around $700 per kilogram up to $1,470.”
“Numerous changes to Chinese mining and trade policies are being attributed to price rise. The changes revolve around the consolidation of rare earth producers in China. Chinese officials have stated their plans to consolidate the industry in an attempt reduce pollution, as well as illegal smuggling of the metals attributed to small artisanal mining firms.”
Buy rare earth stocks. Forget you have them. And check back in a few months.