2010年5月19日星期三

Good time to buy Gold and metals?

I think China still needs lots of metals and the green back looks weak thus I was thinking gold will get more upressure.


Peace,

Good time to buy Gold and metals?
Metals are not an investment, but merely speculation. A much better bet on China is to buy the exchange traded fund for Chinese stocks with the symbol FXI.
Reply:buy a pink sheet stock and the only thing that will be pink is the hole in your wallet. Right this moment I do NOT trust gold or any metal and I certainly do not think China will repeat their monster year again. I wouldn't jump in to Gold just yet wait to see what happens BUT if it goes to $55 (GLD) then its a BUY!
Reply:If you think gold will continue to increase, please take a look at Pearl Asian Mining Company (PAIM). This stock will be taking off in the next 60 days. For info go to www.pinksheets.com
Reply:Yeah I'd have to agree. Basically every emerging market is seeing huge increases in demand for metals, especially China and India. Personally I like aluminum. It's used heavily in every type of construction, including airplanes. And not too long ago, China just placed a huge order with Boeing to construct even more planes. Demand has been increasing all over the place, and this was reflected in Alcoa's great earnings report a couple of days ago. If you do go into aluminum, look into AA or CENX.

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