Eoin Treacy of Fullermoney says that as commodities prices weaken, you need to look carefully before investing.
Q. Eoin, I've read that China's annual consumption of copper has declined from a 28.66% growth rate to 2.4%. What does that mean for continued growth in China and also for the global copper market?
A. China and indeed much of Asia and the Middle East are in a generational-long period where they have to build infrastructure from the ground...
Today, Arceclor Mittal, a company with more than 300,000 employees in 60 countries announced plans to enhance its distribution in the Middle East. http://www.marketwatch.com/news/story/mondays-biggest-gaining... A Market Watch report stated that "ArcelorMittal,
(MT) the world's largest steelmaker, said it would buy 60% of a new Dubai company, which in turn plans to acquire the main business of a steel distributor in the United Arab Emirates, Dubai Steel Trading Co."
"Global steel producers are thriving, and their stocks are hitting new highs," note Yiannis Mostrous and Roger Conrad, who add, "But the best is yet to come."
In the industry-leading Personal Finance, the two advisors explain, "We’re still in the early stage of a truly global bull market cycle for steel, and the companies best positioned to take advantage are headed a lot higher." Here, they look at their "Iron Five."
"As is the case with other building blocks of economic growth, steel is enjoying explosive demand from the developing world. And with the world expanding as never before, steel
"Luxembourg-based ArcelorMittal (NYSE: MT) is the only truly global steel manufacturer, operating in 60 countries on five continents," says Gordon Pape.
In his Internet Wealth Builder, he explains, "Like all steel companies, ArcelorMittal would be temporarily affected by a world recession but as a long-term international growth stock for your portfolio, it should be a winner."
"When you read through MT's 2007 annual report, you are left with the impression of a company with an insatiable appetit
6/11 - ""Luxembourg-based ArcelorMittal (NYSE: MT) is the only truly global steel manufacturer, operating in 60 countries on five continents," says Gordon Pape.
In his Internet Wealth Builder, he explains, "Like all steel companies, ArcelorMittal would be temporarily affected by a world recession but as a long-term international growth stock for your portfolio, it should be a winner."
"You'd think the company would develop indigestion from all these acquisitions but so far we are not seeing any strong evidence of that. Revenue in 2007 came in at $105.2 billion (figures in U.S. dollars), a...
"Luxembourg-based ArcelorMittal (NYSE: MT) is the only truly global steel manufacturer, operating in 60 countries on five continents," says Gordon Pape.
In his Internet Wealth Builder, he explains, "Like all steel companies, ArcelorMittal would be temporarily affected by a world recession but as a long-term international growth stock for your portfolio, it should be a winner."
"When you read through MT's 2007 annual report, you are left with the impression of a company with an insatiable appetite for growth. In just one year, MT entered into a joint venture deal for a steel mill in Saudi Arab
On a day when the European Steel Industry Group
Asked the European Union to block a merger between BHP and Rio Tinto, investors
created an unusually high amount of Call options volume on Arcelor Mittal (MT).
Arcelor Mittal (MT) was upgraded from “hold” to “buy” by Deutsche Bank this morning, according to Bloomberg. The move comes a day after the world’s largest steelmaker raised base prices for flat-carbon steel products in Europe by $59 a metric ton, bringing minimum prices on hot-rolled coil to nearly $900 a ton. Analyst David Martin at Deutsche Bank stated concerns of margin pressure in key markets were eased due to these price initiatives and believes the company will likely outperform its peers in 2008. From the Bull Pen: Those wishing to play the upside in MT can set sell-stops ...
1. See the market demand to supply with the William's ratio & slow stochastic. Somehow, i'm pretty sure as to how general demand (accumulation) to supply (dumping). So right now, there is good demand and everybody has been piling up this stock..which has resulted in consistent increase ~85.
2. I'm slowly getting bearish on MT, coz redline is about to cross blueline, indicating that pple will start unloading it soon. MT is almost hitting,alltime high,which is a good sign. I totally love this stock.
I DON'T CARE IF THE STOCK IS "BREAKING OUT".... ONLY REASON IT GOES HIGHER IS BECAUSE EVERYONE IS BUYING THE SO CALLED "BREAKOUT " AND THE SHORTS ARE THE ONLY REAL BUYERS TO COME IN. ALL THE LARGE LONGS ARE SITTING BACK LAUGHING AND WAITING FOR THE PARTY TO END. IT WILL, THEY ALWAYS DO AND PEOPLE GET HURT RUNNING FOR THE DOOR
Which sector will do best in 2008?
- The economy is going through difficult times. With the dollar weakening, Oil prices and Inflation skyrocketing which sector do you think is the best to
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MT
About Mittal Steel Company NV N Y Registry
- Answers.com
"Global steel producers are thriving, and their stocks are hitting new highs," note 
"Luxembourg-based 
