InTheMoneyStocks Pro Traders Market Analysis

[ITMS]

Metal And Mining Stocks Are In Play


The leading base metal and mining stocks all started the day declining at the open. This is common to see when the U.S. Dollar Index is strong before the opening bell. Leading stocks such as Freeport McMoRan Copper & Gold Inc (NYSE:FCX), BHP Billiton Ltd (NYSE:BHP), Southern Copper Corp (NYSE:SCCO), and Vale SA (NYSE:VALE) will usually trade inverse to the U.S. Dollar. These stocks have rebounded off of their morning lows as soon as the U.S. Dollar Index declined. Nearly everyday that the U.S. Dollar Index starts strong it will fade or sell off once the opening bell rings at the New York Stock Exchange. ...Continue reading here: http://bit.ly/yT3Iyj