Investing Haven have just released their 2021 Rare Earths Forecate for 2021. They see a 50% upside potential in REE stocks. Here are some highlights from their investment forecast:
Interestingly when we look at the rare earth metal stocks chart, the long term chart on the weekly timeframe, we see that the long term bear market transitioned into a new bull market somewhere around summer of 2020.
The below chart clearly suggests a very long term bullish W reversal that will bring the REMX ETF back to 95 points in 2021. And this is a very simple yet effective ‘tool’ which we can trust for our rare earth metal stocks forecast for 2021.
The close up of the rare earth metal stocks chart (second chart below) shows the new bull market, and the acceleration took place in November.This daily rare earth metal stocks chart below suggests higher prices in 2021, but also suggests great entry points if and when a retracement would occur.
RMX has great potential with its REE exposure at its Mt Mansbridge Project. Good drill results in a strong bull market will really leverage the sp. Plus RMX's gold exposure at Mt Maitland & Koonenberry and with gold in it's own bullmarket will further leverage the sp.
I'm very excited about RMX in 2021. I'm so glad I bought another parcel in the post-Christmas ASX Stock Sale. RMX Is going to be a multi-bagger in 2021. The only question remains, how many bags? GLTA.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)