Thursday, October 28, 2010

Rare Earth ETF

Rare earth metals have been the news about a week when all of the sudden a new ETF is coming. These metals are hard to find in mass quantities and are used in many applications. Of course, China is hoarding them as they seem to be doing with everything (including our debt, but I digress). Valuations of penny stocks in the industry necessarily soar on ETF news but so does the odds of the craze reaching its zenith.

 Call it jumping the shark.

Investors buying this thing may view it another way

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