Copper $ 5.5095 / lb 0.15%

Brent Crude Oil $ 61.96 / bbl 2.29%

Palladium $ 1874.5 / ozt 0.73%

Crude Oil $ 57.9 / bbl 2.24%

Natural Gas $ 4.003 / Btu 0.33%

Silver Futures $ 69.16 / ozt 2.38%

Aluminum Futures $ 2950 / ton -0.66%

Micro Gold Futures $ 4500.4 / ozt 3.00%

Micro Silver Futures $ 69.155 / ozt 2.41%

Platinum $ 2167.8 / ozt 0.92%

Gold Futures $ 4501.2 / ozt 0.43%

Go to MDC Markets

Molycorp Positioned for a Fresh Rally

Seeking Alpha | June 2, 2011 | 4:37 pm Battery Metals Energy Rare Earth

MCP reported earnings May 11 in the middle of this slide. After 10 days of consolidation below the 50-day moving average (DMA), MCP is finally making a breakout move. Buying volume is dominating selling volume as MCP has finally punched above the 50DMA.