Remember the LORD for it is he who gives you the ability to produce wealth and so confirms his covenant... Deut. 8:18

Tuesday, May 5, 2009

Metals & Mining Giant Vale (NYSE)

One of the largest mining listed on the NYSE. Price recovery indicates basic metals and materials sector worth looking into. Do your homework if you're contemplating to invest into hard commodity for medium to long term.

Commodity sector generally has dropped to a quarter of its highest but has since recovered. It's still not to late to invest in this sector as it has more room on the upside ( two third to highest). You can choose to invest and take profit when your entry price doubles.

Steel counter locals, Ann Joo, Southern Steel, Kinsteel, Lion Ind similarly has recovered from a quarter of their highest price. Current prices of these counters still has upside of about 2.6 - 2.8 times. Highest/Current price of Ann Joo 4.10/1.60 Kinsteel 1.70/0.65 Lion Ind 3.10/1.10

Watch Ann Joo take 1.80 and Kinsteel take 0.87, next week maybe...

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