I think China still needs lots of metals and the green back looks weak thus I was thinking gold will get more upressure.
Peace,
2007-01-12 12:26:50 · 4 answers · asked by George 3 in Business & Finance ➔ Investing
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.
2007-01-12 12:45:25 · answer #1 · answered by my_evil_twin_41 3 · 1⤊ 0⤋
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.
2007-01-12 13:20:40 · answer #2 · answered by crapola5 2 · 1⤊ 0⤋
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!
2007-01-13 16:31:01 · answer #3 · answered by Anonymous · 1⤊ 0⤋
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
2007-01-12 13:29:11 · answer #4 · answered by Justme 3 · 0⤊ 0⤋