Topic: Catching the wave in Minerals and Resources
Conventional wisdom seems to be that this sector has nowhere to go but up, with a projected POG staying high and demand in China steadily increasing. Is anyone playing this wave with any specific stocks? Myself I have had a couple of runs lately in metals, check out czn.to ggg.to jni.to i don't know if they are good long term picks or anything but they have had nice bounces on good days for metals. Any thoughts?
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Watch the Cortez Hills play where PDG hit 450 ft of 1.5oz/ton gold. VIT and WKR are the major players. This play could collapse or turn into a nice area play.
Long-term, the US dollar is in a multi-year decline, so the gold/commodities boom should stay a while. Placer and Barrick will be in the $40s before this bull ends. We will get into a euphoria stage,we are not even close to euphoria yet. Still in disbelief/apathy stage. Ask a European about the bull market in gold.