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Metal And Mineral Stocks Spike (NYSE:GLD) (NASDAQ:CPSL) (AMEX:CNAM)

Posted by Aadil on December 28, 2010 at 6:58pm
More talk from China about limiting the supply of rare earth metals and minerals hit the markets overnight. This morning, gold, silver and almost all commodities are jumped. The SPDR Gold Trust (ETF) (NYSE:GLD) shot sharply higher, trading at $136.83, +1.81 (+1.34%). The rare earth metal and mineral trade is likely something that will be on and off for years if not decades to come.  The key is going to be timing it like an ocean wave on a surf board. In addition, the keys are to look for metal or mineral plays forgotten by the market that could be the next big mover. Two charts that I love are China Precision Steel, Inc. (NASDAQ:CPSL) and China Armco Metals, Inc (AMEX:CNAM).  Both are China metal plays at the low end of the charts. Based on comparitive metal plays they are cheap and could take off at any time.

Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
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