Sector: MATERIALS, Due to a slowdown in the auto sector, higher imports, and excessive inventories at distributors and original equipment manufacturers, are going to put a pressure on steel price. The aluminum picture is brightening, with prices ticking higher after lagging the metals cycle overt he past four years. Much higher copper prices should boost revenues and earnings for the diversified metals and mining group. I expect for gold miners to post strong gains in sales and profits, primarily reflecting the higher average spot price for gold. As for chemicals, the group will be hurt by a slowdown in the housing market and customer inventory reductions.Two picks to consider: Alcoa and Alcan. My ASMAT(Materials) Fund top holdings:
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