Replies to post #9708 on ~*~Mining and Metals Du Jour~*~

[ABXX]

I agree with the article, there's a lot of great commodity related stocks that look real cheap right now, but Europe is the largest economy in the world collectively (all 17 countries) and they are in recession and EU is also China's largest trading partner and so that's one reason why China is slowing and the U.S. econ data for the month of May that starts coming out on Friday probably won't be that great due to Europe worries so I'd stay away from commodities in the medium term, but short-term is likely...

If things get worse the Fed will do more QE and China will also do another stimulus plan to prevent social unrest so the floor isn't too far down though...