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3 pts

Opinion on  Companhia Vale Do Rio Doce (RIO)     Sector: Basic Materials  >  Industry: Metal Mining
Bullish on RIO ...

Apr 30, 2008 10:48 AM UTC
Return Risk
-16.86% LOW
Tracked Blogger
This pick is about:   RIO
Rating:   Positive   $37.44 (04/30/08)
Gain/Loss:   -61.38% in 160 days

Filed under: International markets, China, Brazil, Newsletters, Freep't McMoRan Copper (FCX), Commodities, Stocks to Buy

"There's no doubt about it: vital resources are in a bull market of gigantic proportions," note Yiannis Mostrous and Roger Conrad.

"The co-editors of Vital Resource Investor caution that "no market moves in a straight line, and in commodities, the action is often extremely violent." However, for long-term investors, they offer some favorites in iron ore, aluminum and copper.

"All commodity bull markets are ultimately gored by demand destruction, alternatives and new supply. But it will almost certainly be years before that happens to this one. And that means plenty of money will be made along the way.

"We're still extremely bullish on iron ore as the market remains in deficit and prices continue to rise. Chinese domestic supply has been falling and,

...



This is a tracking account  [?]   SocialPicks is not affiliated with Steven Halpern. The POS/NEG sentiment is automatically determined by SocialPicks from this blog post and should not be recognized as a position recommendation by Steven Halpern


SocialPicks Sentiment on RIO:

Companhia Vale Do Rio Doce (RIO)
   SocialPicks Sentiment:   

   This Quarter's Sentiment:
All:
90.0%
Top:
53.5%


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