I doubt the so called Mitta's SM really know too much about rare earth demand/supply. Dont tell me they know when to absorb or when to distribute.
There may however be some who work in rare earth circles who know whether demand is sliding or building and these people may be taking advantage of their knowledge with LYC.
All we (the ones who do not have this inside knowledge) can hope for is look at what the graph is telling us.
Like copper, gold and iron ore, etc.....for regular traders like us, we can only rely on the info we can get our hands on - which is the chart - i.e. where the chart seems to be headed - the big moves, the main trend, minus the noise.
Unfortunately for REE, the main trend is still down.
The election win is just noise. The main REE trend is down.
LYC Price at posting:
61.0¢ Sentiment: None Disclosure: Held
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