"We see plenty of room in the markets to stage a rally back to its recent highs, and plenty of short-term profit potential as well; I see a great opportunity to scoop up some juicy resource stocks, courtesy of the market pullback," says Larry Edelson.

The editor of the Real Wealth newsletter explains, "At worst, I think we can get a short-term rally that can put some additional profits in your pocket. And if I'm wrong, the risk of entering these new trades at this time is on the low side.

"These stocks below are cheap! A composite, or synthesized forecast of all cycles for the S&P 500 Index shows that the rally since last March is only about half way over, and that it could extend all the way into August of this year.

"Gold is now preparing for its next major move ... to new record highs ... and ultimately, to at least $2,300 an ounce," forecasts resource specialist Larry Edelson.

The editor of Real Wealth suggests, "My view is that investors should listen to gold and what it's telling you. I have absolutely no doubt in my mind, whatsoever, that the next phase of Bernanke and Washington's plan to devalue the dollar is now in motion ... I consider it absolutely essential that your portfolio is invested in core gold positions."

With gold and silver prices testing new highs, we turn to several leading resource experts -- Mary Anne and Pamela Aden, Mark Skousen and Larry Edelson -- for their favorite plays in the sector.

In The Aden Forecast, the Aden sisters explain, "Gold and silver recently moved well into record high territory, and it looks like they are poised to head even higher.

"Most impressive, gold's leading indicator still has room to rise further before it reaches the high area. This tells us that gold's current C rise is very strong and it's now likely headed to our next target level near $1200. Meanwhile, December gold will remain super strong above $1,020.

"While global climate change may be over-politicized, there's no disputing that the issue is real," says Larry Edelson. In his Real Wealth, he looks at two favorite exchange-traded funds that invest in the water sector.

He explains, "Food shortages and the lack of fresh drinking water are likely the most acute and immediate problems. For example, Northwestern India is running out of water, China is raising water prices to curb use and Mexico recently restricted the water supply amid a shortage.

"Domestically, unbridled use of groundwater in Arizona is a potential disaster. The problem is pipelines and canals don't extend far enough to deliver water to everyone. And unrestrained drilling in outlying areas is draining the supply.

"While not many will agree with me, I believe U.S. real estate prices have bottomed and are on the rise," says Larry Edelson. In Uncommon Wisdom, he eye an ETF to play the sector.

"Mind you, my forecast doesn't mean property prices in every town in the US have hit bottom. Nor does it mean you should run out to blindly buy property and expect to get rich on it overnight.

"But all the evidence I see tells me real estate prices in the U.S. are now a bargain ... that we're at the bottom ... and that there will be a recovery in property prices, albeit slowly, over the next several years.

"The worst crisis of all time, in my view, is the critical global shortage of fresh water," says " Larry Edelson. In Money & Markets, the resource expert offers four water sector plays.

"The world's water crisis is now getting worse by the day. And the global financial and credit crisis is merely one reason why. Another is the ongoing modernization of major parts of the world, which is increasing demand for water, while at the same time polluting it.

"Yet another is major droughts around the world, including in our own back yard, where 60% of the U.S. is officially experiencing a drought.

"New technologies and techniques for better water supply management and improved conservation on the demand side could potentially avert a worldwide disaster. And as a long-term investment, water is one of my favorites. For both its tremendous social cause as well as its profit potential.

"In a few years we'll be staring at new highs in the prices of many natural resources," says Larry Edelson, a specialist in resource-related stocks. In Real Wealth, he looks at two exchange-traded funds focused on food and water.

"Mind you, the U.S. and global economies will not get back to the growth levels we've recently seen, not anytime soon.

"But they don't have to for natural resource prices to soar again. The chief reason they will climb again: Massive, worldwide currency devaluations, especially in the U.S. dollar.

"Moreover, natural resources will get a huge boost from the massive infrastructure spending that is now commencing around the world. I expect two key sectors in particular to get a big boost, almost immediately - agriculture and water.

"President Obama's proposed rebuilding plans are great news for steel and other industrial metals makers," says resource sector specialist Larry Edelson, who recommends a pair of beneficiaries: U.S. Steel Corp. (NYSE: X) and Alcoa (NYSE: AA).

The editor of Real Wealth newsletter explains, "Obama has pledged to give the U.S. economy a massive shot in the arm with the biggest public works spending package this nation has seen in more than 50 years.

"Besides spending on road, bridge, school improvements and construction, the plan is likely to include upgrading our deteriorating electrical grid and greater investments in public transportation, among other infrastructure projects. The plan is also expected to create about 2.5 million jobs.

"While steel and other base metal prices have tanked sharply this year on slumping global demand, companies that produce the metals have staged some massive cutbacks in production and many have shuttered large chunks of their operations.

"India is one of the hottest economies on the planet and holds tremendous profit potential," says Larry Edelson in Real Wealth. Here, he looks at a trio of fund poised to "capitalize on India's boom."

"India's economy is growing at a 9% rate, ten times faster than the U.S. and only a couple of percentage points behind China. And the Indian economy is not merely outgrowing the U.S. by leaps and bounds; it's also at the very epicenter of the booming natural resource markets.

"India has the fastest-growing population in the world, expanding at the rate of some 16 million per year. At that rate, India's population will exceed 1.4 billion people and be larger than China's by 2030.

"The recent pullback in commodity prices has opened up this window of opportunity," says resources expert Larry Edelson who reaffirms his long-term bullishness on gold.

In his Real Wealth newsletter, he explains, "If you think the slowdown in the U.S. economy is impacting China and other emerging markets - ground zero for the natural resources boom - think again." Here, he discusses his favorite gold plays.

"Not only are the Chinese and Indian economies expected to surge more than 9% this year, countless other economies throughout Asia, the former Soviet states and Latin American countries are also growing by leaps and bounds.

"As long as this massive new demand continues, natural resources and commodities will continue to soar And investors who use temporary pull-backs in this long-term bull market stand to multiply their money - over and over again - for years to come.

"You must own some gold in this economic environment. Gold represents the epitome of the natural resource boom because it is the world's best barometer of inflation and financial crises. When inflation is on the rise, as it is now all over the world, gold thrives.

"You must own some gold in this economic environment," emphasizes natural resources authority Larry Edelson who sees the recent setback in gold prices as "an ideal time to buy."

The editor of Real Wealth offers two "core" favorites for those seeking to invest in the sector: streetTRACKS Gold Trust (NYSE: GLD) and Yamana Gold (NYSE: AUY). Here is his review.

"Gold represents the epitome of the natural resource boom. It is the world's best barometer of inflation and financial crises. When inflation is on the rise, as it is now all over the world, gold thrives.

"And when there are financial crises, as we now have with the plunging dollar and the meltdown in the mortgage markets in the U.S. - gold gets an extra boost. Savvy investors flock to the safety of the precious metal, pushing its price even higher.

"In addition, there's more to the bull market in gold than just inflation and financial problems in the United States. Three billion new consumers in Asia are buying gold hand over fist! Previously in China, investors were not allowed to own gold. Now they can, and they are buying up gold like crazy.

"Gold is the only true hedge against the falling dollar, the unfolding credit crisis, inflation, and geopolitical turmoil," notes resource expert Larry Edelson in Real Wealth. Here's a look at Yamana Gold (NYSE: AUY).

"I've been saying for a long time that gold could hit $1,000. Many called me crazy. Now, all of the market fundamentals - from the beleaguered U.S. economy that faces imminent inflation spikes to a battered dollar and global economic uncertainty – point to gold taking off to well above $1,000 an ounce.

"This is great news for our the gold positions in your portfolio, including our newest recommendation, Yamana Gold. Yamana is aToronto-based miner that has operations in both North and South America.

"Last year, the company produced 773,000 ounces of gold. This year, the company expects to boost production to 1.3 million ounces.That's a 68% increase!

"On top of that, if AUY's quarterly profits come in at the expected 22 cents a share when they report earnings on March 25, that would put full-year profits at 77 cents a share -- 1,000% higher than last year! If this happens, and it looks like it will, these shares are primed for a nice upward move."

Each day, Steven Halpern's TheStockAdvisors.com offers the latest market commentary and favorite investment ideas from the nation's leading financial newsletter advisors.

For 25 years, Steven Halpern, editor of TheStockAdvisors.com, has surveyed the leading financial newsletter advisors asking for their favorite stocks for the coming year. This article is one of 100+ ideas in the Best Stocks for 2008 report.

"For my favorite stocks for 2008, I am looking to food-related companies in South America," says Larry Edelson, editor of Real Wealth.

"Sadia S.A. (NYSE: SDA), a more conservative idea, is a Brazilian food producer with operations in Brazil, Argentina, Chile, Uruguay, Paraguay, and Bolivia. It is one of the largest food companies in the region. Half of its sales come from outside of South America, with Asia and the Middle East particularly large buyers.

"For the nine months ended September 30 2007, Sadia's total revenues jumped 25%. Net income soared even more, up 156%. Trading a very conservative 12.57 times earnings, I think Sadia's share price could easily double in 2008.

"Cresud Inc. (NASDAQ: CRESY), a more speculative idea, is an Argentina-based grower of wheat, corn, and soybeans. Cresud also raises beef and dairy cattle. Cresud's revenues for the nine months ended September 30 soared 64%.

"Increased selling & administrative costs held income back though. But the company is now taking measures to streamline costs. I expect Cresud to shine in 2008 as food prices continue to soar. My 2008 target is $27 per share."

This article is part of a 20 article special report on "Metals, miners and money".

"The U.S. dollar has fallen to near all-time lows against the world's major currencies, and when the buck drops, gold rises," notes Larry Edelson, editor of The Real Wealth Report. "Our government and our central bankers will always opt for inflation to solve economic problems by printing paper money.

"Gold is also getting a nice boost from global economic growth, especially in Asia. But unfortunately, there are still plenty of global geo-political insecurities around helping to push the yellow metal higher.

"This is great news for our gold positions, including the DWS Gold & Precious Metals Fund (SCGDX), and StreetTRACKS Gold Trust (NYSE: GLD). Investors can buy and hold both positions because gold has massive upside potential. Among more speculative mining positions, we are also adding a new buy: Newcrest Mining Ltd. (OTC: NCMGY).

"Newcrest is Australia's largest gold mining company, and its profits are surging due to rising metal prices and the ending of the company's forward sales policies.

"When companies sell forward -- or hedge -- their gold in a rising price environment, they lose out because they are selling at a lower price. Companies that don't hedge get the most bang for their gold buck. Newcrest is one of them, which bodes well for the future direction of the company's share price.

Each day, Steven Halpern's TheStockAdvisors.com website features the latest investment commentary and favorite stock picks of the nation's leading financial newsletter advisors.

What are the best speculations and investments among metals, miners, and other resource plays? To find out, I turned to 20 of the nation's leading newsletter editors, as well as speakers from the recent New Orleans Conference, a leading forum for resource advisors.

Their current top ideas cover a wide diversity of ideas, from gold and silver, from alumina and copper, to platinum and palladium. These picks cover markets from Chile to China and from Canada to Russia. These ideas also range from large cap, well-established, and diversified companies to small cap, development-stage junior speculations.

Readers should only consider these ideas as a starting place for their own research and should keep in mind the caveat that any stock you buy should only be considered within the framework of your own time horizon and risk parameters. Meanwhile, here are 20 different advisors assessing various aspects of the metals, mining, and resources sectors: