Saturday, February 6, 2010

Rio Tinto Is Going a Lot Higher

I believe the base metal miners are going significantly higher after the recent stock market selloff. I own Rio Tinto, and I plan to buy more RTP whenever it is selling for less than $50 per share. I think Rio could easily gain 20 to 30% in the next twelve months, and making more than 20% on your money each year will beat the indexes now that the market has finished its big run off the bear market bottom.

China and India are also still growing, and they will need a lot of the raw materials that Rio Tinto is mining. For more stock picks and ideas, visit ClusterGains.com.

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