Editor Curtis Hesler has a new market update and recommended mining stock buy limits.
Risk is the critical word when it comes to any mining stock.
For investors, this means that buying a commodity for future price appreciation generally provides a surer road to riches than buying a mining stock.
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The company has maintained modest but stable profits which can be hard to find in a smaller, volatile mining stock, and we believe that speaks well to competent management.
With gold and gold stocks due for at least a bounce from deeply oversold conditions, now may be a good time to establish a position in a mining stock with a decent dividend.
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When gold prices rallied in the late summer into early fall, the gold-mining stock ETFs outperformed the gold price, but when gold prices fell, the miner ETFs underperformed, said Christian Magoon, chief executive officer of Magoon Capital, who tracks performance of ETFs, particularly gold ETFs.
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The dubious Salt Lake Stock and Mining Exchange closed in 1986.
Novagold, a small and speculative gold mining play, saw its stock slump by more than 7%.
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Click here for instant access to recommended ETFs and mining stocks in the Gold Stock Strategist newsletter.
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Speaking at the Paydirt Africa Down Under conference in Perth, the Department of Foreign Affairs and Trade secretary Dennis Richardson said the number of Australian mining firms listed on the stock exchange and operating in Africa had jumped from 54 in 2003 to more than 160 this year.
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Major mining companies have all suffered steep stock price declines.
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All three, among others, are being sued by Nevada Manhattan Mining and LifeOne, which allege fraudulent stock shorting schemes.
The biggest holding in the Midas Fund is London Stock Exchange-based Avocet Mining (AVM), which Winmill said is transitioning to become a bigger mining company.
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We have advised readers of our Canada Report newsletter to sell Inmet Mining (TSX: IMN, OTC: IEMMF) after the price of the stock rose sharply following the Jan. 13 announcement of a merger with Lundin Mining (TSX: LUN).
Australia's stock market was dragged lower by mining shares.
Capitalizing on the popular mania for sustainable energy, the penny-stock operators are converting failed Canadian mining outfits and Internet firms into green machines with names like Western Wind Energy and Hydrogen Power International.
Born in Chicago, he bought into penny mining stocks and pitched them on the Vancouver Stock Exchange--until prospectors of his Diamond Fields Resources looking for diamonds in Voisey's Bay, Newfoundland happened upon a vast nickel deposit.
And Vedanta Resources, a diversified mining company, saw the short position in its stock decline by 1.43% over the past month, as of June 2.
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Yanzhou Coal Mining (12, YZC) is the only Chinese coal stock you can buy.
Candelaria's best stock for the year was Canadian-based Brazilian mining company Desert Sun Mining, up 213% after it was acquired by competitor Yamana Gold in April.
Glencore will soon make its power felt as it uses the publicly traded shares and cash hoard that are the products of listing on stock exchanges in London and Hong Kong to acquire mining companies around the world, extending the commodities boom.
The remaining 51% is held by Hochschild Mining, a Peruvian group that's listed on the London Stock Exchange.
The Canadian stock exchange is bulging with early, mature and venerable mining plays.
Stock in the gold sector including GoldCorp, Newmont Mining, and Barrick Gold have all mounted rallies north of 9% over the last month.
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As many major stock market averages cling near all-time highs, commodity and mining investors are feeling acutely heightened pain.
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One stock you may want to look at right now is Quadra FNX Mining (QUX, QADMF) which has been on a tear.
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