Rumors On Rare Earth Stocks (MCP, REE, SHZ)

Benzinga is hearing unconfirmed rumors that the BTIG LLC trading desk is saying that rare earth names like Molycorp NYSE: MCP), Rare Elements Resources

, China Shen Zhou Mining & Resources Inc.

, and Avalon Rare Metals Inc.

are eerily similar to the internet mania of the late 1990's and early 2000, and are due for a sell-off. Shares of these companies are continuing to move sharply higher today, led by a 7% move upwards in Molycorp. Keep in mind that this is an unconfirmed rumor and Benzinga is merely reporting what we are hearing.