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Steel, Other Metals Likely to Prosper - by MaxValueHolder

posted on Mar 29, 2010 02:16PM

Here is a link to SPQ on a report by MaxValueHolder on Steel

http://agoracom.com/ir/Spider/forums/discussion/topics/410978-steel-other-metals-likely-to-prosper/messages/1354074#message

This is one part of that report of interest to Cliff Share Holders.........

Some equities that are likely to benefit from the steel craze are:

The Market Vectors Steel ETF (SLX ), which holds steel giant ArcelorMital (MT ) and mining company Vale (VALE ). SLX closed at $66.59 on Friday.
SPDR Metals & Mining (XME), which boasts mining and natural resources company Cliffs Natural Resources (CLF ) and specialty metals company Allegheny Technologies (ATI ) as top holdings. XME closed at $55.73 on Friday.
iShares Dow Jones US Basic Materials (IYM), which holds Freeport-McMoRan Copper & Gold (FCX ) and Newmont Mining Corp. (NEM ) as top holdings. IYM closed at $63.01 on Friday.