MAKING MONEY FROM RELEASE OF THE CHINESE BOAT CAPTAIN
There have been reports that China will halt exports of rare-earth metals to Japan given tensions between the two countries arising out of Japan detaining a Chinese boat captain. On the above reports MCP and REE, two rare-earth metal stocks trade in US have moved up. Today’s decision by Japan to release the boat captain will ease tensions and in all likelihood exports of rare-earth metals will continue. For a short term trade, we will scale in shorts on MCP and REE in the pre market and at the open based on technicals only if prices in the approximation of