Tuesday, February 2, 2010

Miners

I continue to nibble on miners as the market comes in. Yesterday precious metals and miners staged a rally after many days of pounding.
I'm liking ANV and a few juniors like RBI.TO and RMX.TO (Toronto exchange) that are holding up like a champ.
I've also noticed other resource related stocks blasting up and having reasonable pullbacks recently. SWC and TIE namely.
Many have predicted that this is the beginning of a new bear leg in the market. While I certainly don't have a crystal ball, I will focus on what I think is holding up best - gold. Until gold breaks below $1000, I'm still a buyer of gold and miners (and silver of course). I continue to stay away from the general market.