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Rare earth metals became even rarer today, as three of our major home slices of pizza, AVL, QRM and even benighted REE, the “grandfather of them all,” roared ahead like they were not just rare, but steak tartare- level impossible to find.
I think all of them have room to go, but I like AVL as the immediate purchase, with REE and QRM following perhaps by the end of the week. Here’s my take on AVL:
As you can see, that first resistance level has been suborned, so even if you purchase tomorrow, that $3.o7 level should stand firm as a base going forward.
My second favorite is REE, which had a monstrous move today that dwarfed all of its rare earth compadres. Check out this daily:
Note also, however, that we are coming up against all kinds of resistance here, and the stochastics are egregiously vertical. That spells “pullback” for me, at least for the near term. This is one that last week I was posting in The PPT as a buy at $6.05, so be ready for another blastoff soon after this.
My last look is at QRM, which I’ve mentioned here before and which also had a nice move today.
As I mentioned earlier, this one is not as attractive as it butted up against resistance but did not break through. I think that means we probably consolidate, but that volume spike also generally indicates we are going further north.
Best to you all, and remember to watch this sector along with metals more precious..
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MCP?
Just didn’t look as good as the others. Maybe something earnings related?
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PM in Mongolia @ the Maginot Line …
?? Wha?
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Speaking of Mongolia, I started to accumulate IVN. They had an article in the Economist that was interesting. Any thoughts?
Exactly … Gold & Copper … Maginot Line holding
You know that the Maginot Line was notorious for being porous, yes?
Are we making a funny?
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No … Support looked tentative but held so I bot an initial lot myself (Like a junior FCX)
Two green candles following that hammer now … looking good!
Rare Earth Holdings: QRM, SWC, UURAF & GDLNF
(laughter) it took me a second to realize that was just a raw piece of meat with eggs cracked on top of it.
The spices and green really take your eye off the salmonella.
I was trying to figure that out too. It looks like quite the delicacy until you realize what it is.
Very clever photo, Jake. That’s about as rare as you can get. Looks quite tasty to me. It appears the chef took it easy with the onions, which is fine by me.
By the way, good luck on Sunday. Of course, I am rooting for the Patriots. I just want to be civil.
Man, what kind of mezzo citos are you guys?
That’s steak tartare… have you really never seen it?
It’s freaking deadly alright, and salmonella is the least of your worries.
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Madrid, I really hope Tom Brady comes out in one piece.
I don’t think he’s such a bad guy after all, and I’ll always love the Bellichicken, for what he brought me in my youth (two Superbowl trophies).
Don’t anyone ever tell you it was Tuna.
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Jake, I don’t know if Brady is a good guy or a bad guy. He certainly is a talented QB. But does he deserve so much happiness in his life?
Two words: Brazilian supermodel
“To he whom much is given, much is also expected.”
He’s got a phat bill to pay, for sure.
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Brady is determined to win another Superbowl with this new group of players … it’s his legacy and he’s more than motivated. This isn’t your grandfathers offensive line …
Possibly, but our defensive line is better as well.
Need I remind you, Osi Umenyiora is now playing second string defensive end?
(Boggle!)
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http://aol.sportingnews.com/nfl/story/2012-02-02/super-bowl-2012-eli-manning-tom-brady-qb-comparison