EKS, regarding commodity stocks, I'm beat up there to the point where I'm reluctant to commit more funds to the sector. I am coming to believe the market is telling me I have no idea what I am doing and that the market is right.
I hold RIO. I like it. Stock's a point away from a 12-mo low. Not sure what I'll do at this point (add more or just hold). Your idea to watch it a little longer seems reasonable. If I didn't already hold some shares, I'd more strongly consider entering for a small buy somewhere around current level.
I haven't a good reason for this, but I look favorably at commodity producers where the controlling insider shareholders are family members. I assume they are very careful about the acquisitions and new mines that their companies develop. So that'd be TCK and LMC, for example, that I like. LMC at a new low. I've been following it on the way down with buys: I may add more tomorrow. (Same kind of story as PBR. They are going to have a new mine in operation in 2009-2010 and IF commodity prices hold and IF there's no new onerous tax laws or government (Congo, Russia) confiscatory actions, the stock will do okay--imo. (Looks like Congo is going to insist on a larger take. FCX (in which I hold shares too) is also affected by Congolese actions.)
CCJ's major uranium mine has flooded again. (They hadn't been able to repair it from the first flood.) That might help competitor USU.
I've shares in both :>(
"Commodity" encompasses quite a bit. For agricultural, maybe it's time now to look at ADM-- stock hasn't been this low since Jan '06. P/e at 8 is low historically. I've no shares now, but will consider a small buy for tomorrow.
Holding AUY. :>(
Near a 12-mo low, this one might be worth a speculative bet now on gold.
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