There is and will be movement in this space. Much has been written about the effect of the auto industry in the future and the use of these metals. I was long AWC for this reason too. I still am for both but these moves are too premature to affect any market at this time. I knew nothing of MCR before trading and believe that they look like a good long term investment but their stock is slow and downward spiraling due to such larger macro factors.
My interest was peaked in them as a case study due to the giant ascending triangle. The thing just seems never to break. I thought it might with the news at 75 but here we are at 57 and going lower. Once the banks move past oils, and back into Metals, i believe MCR may come good, but until then its easier to sit on the side lines and wait. Or use this time to buy low. At very least, you get a dividend with a better % than anywhere else. My thoughts but do your own research.
MCR Price at posting:
57.0¢ Sentiment: Hold Disclosure: Held
