Short Term Trading Weekend Lounge: 9-11 August, page-21

Rare Earths were on a raging run about 3 months ago, and then they just started drifting backwards.
The ARU chart probably best represents the pullback, even retracing more than the 62% Fib.



The strongest of them all was GGG, but even it's uptrend was breached.



China has been sitting on their hands so far in the Trade War, but they've just fired their first shot.

https://www.cnbc.com/2019/08/06/china-agriculture-us-economy.html

Rare Earths are widely expected to be the next shot, and the US will be paying a lot more for their rare earths, and that's assuming they are still given full access to them.

https://www.scmp.com/business/commodities/article/3021947/chinas-rare-earth-producers-say-they-are-ready-weaponise-their

I setup two Rare Earths Watch Lists, the prime one as follows:
ALK, ARU, E25, CUX, GBZ, GGG, HAS, LYC, NTU, PEK, PM8
Note: E25 has since sold the Cummins Project to CLY.

https://unauthorised investment advice/resources/bulk-metals-rare-earths-and-lynas-similarities-send-clancy-investors-into-a-spin/

On Friday, good gains were made by ALK, ARU, GGG and PEK, but none of the charts give a compelling reason to open the wallet just yet.
The bellweather LYC is threatening to breakout, and if it does it might be a precursor for the others to follow.


The secondary Rare Earths list, from a distant memory, comprised companies that had a patch of dirt that might contain some rare earths.
Really, really, speculative stuff.

ALY, ARL, AUZ, CLQ, CTM, HMX, KOR, KTA, LCY, LIN, LIT, ORM, OVL, PGM, SVY

LIN had quite a bit of volume on Friday, but the interesting one was HMX.
HMX is setting up very nicely to move upwards, but I believe it's more a gold play than a rare earths one.



Overall, I'll be watching rare earths closely, but there's still a lot more compelling plays in gold at present.