Miners Bruised, but Standing Firm

Source: Mineweb, Barry Sergeant (6/25/09)

". . .the top performances over the past 12 months have been generated by specialist primary silver miners. . ."

Resources stocks, measured by changes in the weighted value of 1,025 names listed around the world, touched eight-month peaks on 3 June, and were then heavily battered until a possible trough was made on Tuesday this week. These stocks, including oil names, are currently worth an aggregate of USD 3.3 trillion; the top 100 most valuable miners are currently valued at an aggregate of USD 1.3 trillion.

The selloff has been consistent with weaker metals prices across the board, which may also have made a possible trough two days ago. Apart from broader negative movements in western stock markets, it may also be worth noting the traditional quieter Northern Hemisphere period insofar as demand for raw materials is concerned.

The performance of the world's miners remains encouraging enough; where the very broad MSCI world equities USD dollar index has now bounced 39% above lows seen a few months ago, the top 100 mining stocks are currently 122% above lows, seen earlier, during the closing months of 2008. Mining stocks have more recently been given special support from the price performance of Chinese and also Indian miners, reflecting the very bullish behavior of broader stock markets in those countries.

Among metals, gold bullion retains its best relative price performance record, with few real rivals; for investors in equities, however, the yellow metal has now been trading in a relatively narrow band for more than a year, and is yet to make any convincing assault on its March 2008 record.

Among major base metals, copper continues to impress; few genuine copper diggers have cash costs higher than USD 1.25/lb; prices has been well above USD 2.00/lb for some months now.

Among listed mining subsectors, the top performances over the past 12 months have been generated by specialist primary silver miners, followed by zinc, copper, tin, gold, and uranium stocks. The least popular groupings include oil sands, oil, platinum, non-Asian coal, diamonds, potash and aluminum.

Since 3 June, when global mining stocks touched eight-month aggregate highs, the heaviest net selling has been seen among listed primary silver miners, followed by specialists in nickel, copper, potash, gold, and platinum.

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Latin America: Six Gold Juniors Amass 100M+ Ounces
Source: Marc Davis, BNW News (05/25/2010)

Latin America, the world's last great mineral frontier for prolific gold discoveries, is proving a godsend for some lucky investors.

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."

I haven’t spoken to my old mining stock friend, noted and universally respected gold stock guru, Bob Bishop, about Rare Element in a year, but I hear he is still a supporter and very large shareholder. I don’t believe he will hold it against me to remind you that this was one of his favorite holdings when he left the newsletter writing business. . .

It's Only the Beginning for Uranium
Source: www.financialinsights.com (06/03/2005)

Dr. Richard S. Appel, author of Financial Insights, first became bullish on uranium in mid-2003, when it appeared obvious that its supply versus demand equation was fated to seriously drive higher its price. Since then, a series of events in the uranium industry has led Appel to believe that uranium prices will reach never before seen levels.

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