$MP Materials Corp.(MP)$ I know I am repeating myself here. I have shared this mining company probably a week or so before. The reason for repeating myself is a reminder of how important staying in the investing game is. I have been building up my position for MP. Materials for quite some time now (see the charts below to tell) through weekly auto-invest.
The company is flying pre-market today. Yes, it is not only crypto mining that flies. Physical conventional minerals or resources mining firms fly too given the right conditions.
It is simply a tip-for-tat game between US and China these days. With US banning chips sales to China, China has banned rare earth sales to US. I expect to see an escalation of these trade wars when Donald Trump takes over the US Presidency next month. I have read many people dismissing China with the 2nd coming of Donald Trump and his tariffs laden policy. It might be true that China is currently not in the best position to fight a trade war, it still has the necessary firepower to hurt even a big bully in US, it has to... I am a neutral observer, with no affection for both Presidents. However, that does not stopped me to position as best as possible to benefit from the possible mess that might present itself with the 2nd coming of Donald Trump.
As mentioned in my previous article on MP Materials, being the only significant rare earth miner and processor to be in US, MP Materials is positioned nicely to benefit from this incoming potential tit-for-tat trade and tariff wars. I believe this is only the beginning for MP Materials upwards movement. A quick glance of MP Materials chart shows an uptrend in place. RSI is at moderately positive, which can only be a good thing. There will no doubt be lots of corrections along the way, but as long as the uptrend is intact accompanied by the intensifying trade wars between the two global powers, the sky is the limit for MP Materials!
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哇，你一年前買了這隻股票——恭喜你！看來你是礦業股方面的專家！
Great