Bolling's Triple Play: Hot Rolled Steel

Editor's Note: Eric Bolling is new to TheStreet.com. A top Wall Street trader and an on-air television personality for the Fox Business Network, Bolling specializes in commodities, technology, resource trades and ETFs. He will provide regular picks in his column.

There have been only 14 or so unassisted triple plays in modern Major League Baseball history ( 107 years or so of it ). However, I would credit the perfect game (15 times in history of the Majors) and hitting four dingers in a single game (15 times) as monumentally more heroic, even if they are slightly more frequent.

That being said, it is still an interesting sequence of fates that have to be present in order to score an unassisted triple play. There has to be no outs in the inning and at least two men on base. Then, the batter must hit a line drive to a fielder covering a base because a runner is stealing, putting the fielder in the right place at the right time to make all three put-outs.

Two weeks ago I ran a 'Bolling For Dollars' segment on Fox Business called 'Ironman Investing.' I talked about the strong prices for "hot rolled steel, baby." I outlined why I felt U.S. SteelX, MittalMT and ValeRIO were positioned for a run. Little did I know that we were on the verge on an unassisted triple play. But here's how it's playing out.

Line drive: 1 out. There is no doubt about the awesome growth picture in the emerging economies around the world. Hot rolled steel prices have continued their torrid ascent as the world is demanding more and more steel for infrastructure, buildings and massive increases in automobile ownership in the new Chinese economy.