A Rare Earth Element Opportunity, With Something for Gold Bugs

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"While this is a very speculative stock, there are some good reasons to watch Rare Element Resources."

Seeking Alpha, Justin Dove

Chinaís grapple-hold on the rare earths scene is nothing new. Whenever one entity controls 98% of world demand for a product, the market can be easily manipulated. Two conditions have developed for Rare Element Resources since March that are worth noting:
  • Rare Element Resources announced on August 4 that it found mineable rare earth deposits in North America.
  • The broad market indices dipped more than 10% between August 4 and August 8. As a result, Rare Element Resources' stock lost about 26%. On Tuesday morning, it already gained back 10%, reaching just over $8 per share.

The company has a market cap under $400 million and hasnít turned any profits yet. While this is a very speculative stock, there are some good reasons to watch this company. . . .View Full Article

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