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Adens: Resource Favorites
By: TheStockAdvisors.com   Wednesday, November 25, 2009 11:59 AM

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"Resources are one of the best sectors for buy & hold investors," say Mary Anne and Pamela Aden. In The Aden Forecast they eye BHP Billiton (NYSE: BHP) and Freeport McMoran (NYSE: FCX)

"The stock market is on the rise, hitting new bull market highs. Stocks are looking good and that goes for nearly all of the world stock markets. They're bullish and poised to rise much further.

"BHP Billiton is a good example of a company you can buy and forget about because it has its hands in every part of this area.

"It's the largest mining company in the world, from iron ore, to uranium, to copper… you name it. If it has to do with building, BHP probably produces it.

"BHP Billiton believes demand for minerals is on the verge of unprecedented growth as China and India drive consumption.

"Its first quarter iron ore production, for example, reached a record with a rebound in global steel demand. It's estimated that an iron ore deficit will continue through 2012, which is probably why BHP is buying more iron ore companies.

"BHP is our favorite resource company, together with Freeport McMoran, a copper company. Looking at copper on a technical basis, you can see its upside is wide open.

"In spite of copper's super 101% rise this year, its leading indicator is still basing in a very low area, the lowest this decade.

"This means that copper could surge much higher in the months ahead. Copper continues to move in a solid multi-year upchannel. It's strong above $2.85 but once it reaches a record high, above the 2006 high, it could soar.

"Overall, we believe that a commodity boom will thrive as shortages for raw materials grow and demand continues to boom. We want you to stay invested and take advantage of the ongoing rises in these sectors."


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The above story is the opinion of the author only and it does not reflect iStockAnalyst opinion. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event iStockAnalyst will be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision.
  
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