A key gauge of Chinese manufacturing improved for the third month in a row as factories restocked in anticipation of an early revival in the economy.
Although China alone won't send the next commodities bull off and running, Fast Money's Tim Seymour does interpret the data as an early sign of life, kind of like a green shoot peaking out of the dirt in early spring.
And he sees more shoots sprouting -- such as auto sales which increased by 3 million units globally last month.
These increases “create more demand for commodities,” he says on CNBC’s Closing Bell. “And with world currencies going through quantitative easing commodities look more and more attractive to me.”
What’s the play?
Of all the commodities plays, Seymour particularly likes copper (so does Dennis Gartman) and suggests playing it with Teck Cominco .
Or, he also recommends getting long nat gas through Tenaris.
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