Winning Commodity Plays in 2010: Market Pros

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"Holmes expects the next hot trends in the commodities sector to be lithium, uranium and natural gas."

When investors talk about commodities, gold and oil are the first ones that come to mind. But are they the commodities you should be looking at now? Frank Holmes, chief executive and chief investment officer of US Global Investors shared his insights.

Gold "is in a sector bull market," Holmes told CNBC. "When gold became free trading, China and India had no global footprint, they were only 1% global GDP. Now they're pushing 12%, but they're 38% of the global population—and they have a natural affinity towards gold."

Holmes expects the next hot trends in the commodities sector to be lithium, uranium and natural gas.

"There's a lot of interest for lithium batteries and I think there's major car companies and battery companies that are looking for deposits," he said.

"This time last year the worst performing was lead, and this year lead was one of the best performing commodities—so it's important to take a look at the bottom and scraping along the bottom, uranium looks attractive."

"And [natural] gas," Holmes added.

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