Thoughts from Myron — ETFs, Rare Earths and More

Guest Commentary for the Friday File

By Myron Martin, September 27, 2013

Ed. note: Here is our latest contribution from Myron Martin, who writes for us primarily about junior miners. He has agreed to our trading restrictions, and, as usual, we have not reviewed, approved or screened his stocks or ideas, and the opinions he expresses are solely his own.  Myron’s past commentaries can be seen here.

Popular word of the month is “taper” but do you understand why it did not happen? White collar crime is alive and well, and the bankers are at the forefront, brazenly plying their trade to the detriment of the average consumer.

Get the full story from a Wall Street veteran willing to call a spade a spade. Read the disgusting tale of malfeasance here and consider adding Shah Gilani’s column to your daily free reading list for more straight-from-the-shoulder, “tell it like it is” commentary on what is really going on that you won’t hear from the establishment media.

In spite of the shenanigans being engaged in by the politician/banker unholy alliance, life goes on and we continue to search for the best possible sectors in which to invest hard earned money for further increases long term.

As I have commented on before, sometimes the easiest way to tap into sectors that are showing strength is with focused ETFs, so from time to time as I run across new ones, or even established ones, showing good gains, I will mention them, not necessarily as an immediate buy recommendation, but just a “Watch List” addition to monitor specific markets so you have a “hit list” of potential investments. Currently I am reading a lot of commentary that the steel industry is reviving, and the best way to capture profits in the sector may well be Market Vectors Steel ETF (SLX), the Steel ETF under $20.00, and suggested stocks rebounding strongly are United States Steel Corp. (X), about $21.00, and AK Steel Holding Corporation (AKS) under $4.75.  Given a strong uptrend I would be willing to pay up to 10% above current prices to acquire a position in the steel ETF or stocks mentioned.

Another rising sector is PGMs (platinum/palladium group metals) which you can capture with the ETFS Physical Platinum Shares (PPLT) and ETFS Physical Palladium Shares (PALL). These two give you an easy way to monitor the sector.

While I have no personal interest in the sector, in the past year the iShares Nasdaq Biotechnology (IBB) was up 44%, which is ...

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