Fast Money Picks Metal Winners, Get It - Olympics?!

We’re just a few days from the opening ceremonies but here at Fast Money we’re starting our own Olympic competition right now.

Each day this week, we’ll present what our pros think are the best investments in four categories related to the summer games.

And after the closing ceremonies, we’ll reveal the gold medal winners in each event.

Kicking it off, we begin with the top trades in the precious metals and mining space.


Trader Stephen Weiss: ShortAK Steel

“I think their pension obligations combined with lower steel prices is a recipe for disaster,” says Weiss, managing partner at Short Hills Capital.


Trader Guy Adami: LongTeck Resources

“I think on a valuation basis it’s cheap and charts suggest it should hold $29,” says Adami, managing director of


Trader Josh Brown: Long Worthington Industries

“They are levered to housing, which is a good thing these days. They have a big insider buy and it yields 2.5%,” says Brown, author of The Reformed Broker blog.


Trader Mike Murphy: Long Peabody Energy

“Last week they announced a distribution agreement with Kinder Morgan. I think we could be looking at a snapback rally,” says Murphy, founder and managing partner at Rosecliff Capital.


Trader Scott Nations: Long Ultra Short Gold ETF

“Gold will be hurt by the rising dollar; alsoon a down day in the stock market it was also lower and it shouldn’t have been. That’s a classic sign of weakness,” says Nations, president and chief investment officer of NationsShares.

Posted by CNBC's Lee Brodie

Read More from Fast Money:

> Simple Strategies Behind Supersized Successes

> 10 Top Stocks for the Long-Term Investor

> Top Apple Related Stocks for 2012

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Trader disclosure: On July 23, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Stephen Weiss is long BTU; Stephen Weiss is long QCOM; Stephen Weiss is long VZ; Stephen Weiss is long T; Stephen Weiss is long PCAR; Stephen Weiss is short X; Stephen Weiss is short JCP; Josh Brown is long JPM; Josh Brown is long WFC; Josh Brown is long GDX; Josh Brown is long GLD; Josh Brown is long XLU; Josh Brown is long XLF; Josh Brown is long WMT; Josh Brown is long TGT; Josh Brown is long SBUX; Josh Brown is long MSFT; Josh Brown is long F; Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long AGU; Guy Adami is long MSFT; Guy Adami is long NUE; Guy Adami is long BTU; Mike Murphy is long SBUX; Mike Murphy is long FB; Mike Murphy is long URI; Mike Murphy is long BTU; Mike Murphy is long TOL; Mike Murphy is long LEN; Mike Murphy is long PHM; Mike Murphy is short XHB

For Dennis Gartman
Dennis Gartman is short CORN

For Barry Bannister
Nothing to Disclose

For Larry Mcdonald
Nothing to Disclose with wires.