RE: Momentum Starting to Build
Well for those that do not know Laurence Ralston sends a monthly newletter about the state of affairs in the mining sector. Along with mining company picks. I would encourage anyone in this game to subscribe. He is easy to find on the web.
I have just reviewed my copy for the month of July.
Here a couple of his views:
In summary, earlier this year speculators
pushed metal prices too far, too
fast. The markets over-corrected, and
are now returning to levels supported
by fundamentals. When the metals
corrected, some equity investors panicked
and pulled out of the market.
And:
The story in the junior mining sector
cannot be any more clear: The longterm
fundamentals are stronger than
at any time in decades. Equity prices
will rebound. Take advantage of the
present situation and a load up now,
because the rush will start before
September.
Todays action seems to back up what he writes.
Good luck.
Underpowered by
2batteries.