Joan, I like lots of metals stocks and I like the metals themselves and own platinum, palladium, gold and silver outright. For stocks, I like the ones you mentioned and Stillwater Mining (SWC) for platinum and palladium. I am looking at Titanium Metals corp., but don't know enough yet. I own Hecla for silver and Newmont for gold. I am playing copper and lead with closed end funds in Chile (CH) and Australia (IAF). I would love to play Indonesia right now, but my two funds, Indonesia and Jakarta Growth, are selling at 100% + premiums. I can't stomach that. Africa is chock full of natural resources, so I like Southern Africa-SOA, New South Africa-NSA, and, if it weren't for their penchant to do rip-off rights offerings, Morgan Stanley Africa-AFF.
I like oil owners and producers, not necessarily the refiners and services cos. My favorite is Plains Resources, though I like Pogo, too. I also like the gas stocks, ala Anadarko and, the infamous Burlington Resources.
I like to play a rise in grain prices by shorting Kellogg's. This non-growth stock selling at 29 times eps slashes its wrists when grain prices go up, because they can't raise prices. Also, expect another coffee rise this Fall, and give some thought to Brazil Fund's 20% discount to Net Asset Value.
I am not hot to trot on lumber right now. You need that Japanese log importing game to recover, and that won't happen right away.
MB |
