Rare Earth Stocks Hottest

Over the last week, rare earth stocks have caught fire again. Molycorp, Inc. (NYSE:MCP) is soaring today, trading at $58.85, +3.34 (+6.02%). It has gone almost straight up over the last eight trading days. On March 18th, 2011, MCP was trading at $42.10. Truly an amazing move in a short amount of time.  Other small China rare earth plays are also soaring. China GengSheng Minerals, Inc. (AMEX:CHGS) is up 12% today and has gone from $1.97 on March 22nd, 2011 to a high today of $3.68.

These stocks are getting a major momentum squeeze on the back of fear. As the world prints more money, demand from emerging markets jumps, hoarding seems to be on the mind of Wall Street. This mentality is leading towards a dramatic increase in stock price for companies that deal in rare earth. Just like gold and silver, the more money printed, the more diluted the currencies become while rare earths and gold and silver are the only place to store true wealth.

Chart provided by: RealTick LLC

About Gareth Soloway 168 Articles

Affiliation: InTheMoneyStocks.com

Gareth Soloway has been an avid swing and day trader since his days at Binghamton University where he studied Economics. After college, Gareth quickly excelled as a financial advisor, helping clients get their financial houses in order. While helping others gain financial independence, he continued to study the day trading and swing trading world, developing a unique market philosophy and proprietary methods. Following his work in the financial sector, Gareth went on to trade alongside professional traders. Unable to tolerate the hype of Wall Street any longer and having an amazing ability to profit using his developed techniques, Gareth Soloway decided to partner with his friend and colleague, Nicholas Santiago to form InTheMoneyStocks.com. Chief Market Strategist Gareth Soloway serves as the president and CFO of InTheMoneyStocks.Com.

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