Blog > Gold and Resources > Blog article: Steel Prices: The ETF doesn’t lie
 | Email This Article Email This Article  | 

Steel Prices: The ETF doesn’t lie

Posted April 22, 2008

“In the past, you might have expected steel stocks to get hit hard by a U.S. slowdown and open talk of recession. But now there is so much construction taking place, America has become a much smaller piece of the puzzle.” — Justice Litle

Blogger’s note: With a U.S. recession on everyone’s mind and the real estate market still down in the dumps, you’d think the Market Vectors Steel ETF (SLX: AMEX) would be suffering, but Justice Litle of The Taipan Group has some pretty surprising news to report. And I thought you’d like to learn what he has to say. You can find the article here or read on for more.

Baltimore – (TFN): The Market Vectors Steel ETF (SLX:AMEX) highlights the surprising strength of steel in recent months.

In the past, you might have expected steel stocks to get hit hard by a U.S. slowdown and open talk of recession. But now there is so much construction taking place, America has become a much smaller piece of the puzzle.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Let Me Tell You Upfront: After years of vicious price gouging, Big Oil is set to make “reimbursement payments” that could help fund your retirement.

By taking advantage of a unique situation, you could make 50% in less than a month — and 400% by the end of this year. And you could begin receiving your payouts as early as tomorrow. Here’s how to begin receiving your checks immediately.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Steel Prices: A tiny piece of the global puzzle

The Wall Street Journal estimates that U.S. steel consumption is now a mere 8% of total global demand. And even as U.S. steel prices have doubled in the past six months, steel exports from Brazil, China and Russia are falling rather than rising.

The steel trend is just another clear example of how the world has changed. As the West struggles with leveraged loans and economic woes, emerging markets continue to grow. Indexes may be volatile, but the needs and demands of 3 billion new capitalists won’t be denied. View an SLX stock chart and find more from Justice Litle.

****Make sure you sign up for our free TFN News Feed for breaking news, special reports and new financial videos. You can pick your favorite reader . Or if you prefer, you can have the feed delivered to your email.


Related Articles


Posted by TFN-Gold · Filed Under Gold and Resources 

Comments

close Reblog this comment
Powered by Disqus · Learn more
blog comments powered by Disqus