With the fiscal cliff looming, someone must be making money out there as the bears rear their ugly heads. Expect investors to go back to the commodity market for a base as the US government looks unlikely to reach a compromise in the next few days. I’ve noticed higher volumes in several commodity stocks over the past 3 days as the push for a compromise reaches a climax. My pick is STTYF, a company called Sandstorm Metals and Energy, which I expect to move into the new year with momentum, especially if the United States heads over the fiscal cliff. Sandstorm Metals and Energy buys contracts with mines to add commodities like copper and silver to their balance sheet at a fixed price.
Sandstorm’s CEO, Nolan Watson, recently gave a great interview with Seeking Alpha that provides insight into the company’s potential from the horses’ mouth. Keep an eye on this penny stock in the coming days as we head toward yet another financial meltdown.