Roseman has added a new mining buy -
Newsletter Watch: Mining for value
Steven Halpern |
Aug 24, 2007 6:25am EDT |
In today’s column, four noted advisors – Eric Roseman, Tom Bishop, Curtis Hesler and Nick Jones -- look at small-cap mining operations, covering gold, silver and copper.
With the caveat that junior miners are dependent on the
success of their developing exploration activities and,
as such, offer both high risk and high reward, we offer
these four favorite mining plays.
“The stage is being set for the next big rally in gold stocks,”
says resources expert Eric Roseman in his
Commodity Trend Alert.
“I know this current market is depressing, but there is
light at the end of this tunnel – bright, screaming
radiant light.”
Roseman predicts that over the next several weeks,
“one of the most incredible rallies will take hold in
the mining sector, as the U.S. dollar comes under
renewed downside pressure amid lower short-term
interest rates.
In hindsight, the credit crisis in the mortgage-backed
securities market will be a ‘gift’ for commodity investors.”
As to specific stocks, Roseman has added a new mining buy
to his portfolio:
Northgate Minerals Corp. (ASE: NXG), which has a market cap
of $686 million.
He explains, “The stock is trading just above its low and
ripe for the plucking.
Northgate is a rocket, (it) mines throughout the Americas
(gold and copper) and has been on my radar for months.
Now is the time to kick into action and buy.”
Posted By: slonez
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God Bless
Post Time: 8/24/2007 |
