WGI.to, which has been discussed here extensively, hit a new all-time high yesterday, though it dipped back some today.
KTN.v, which also has been discussed here extensively, also closed at a new all-time high yesterday, and also dipped back today.
Many juniors have been slaughtered recently and are way down from their 52-week highs, especially base metal juniors.
However, there are some gold and silver juniors like these 2 (and PEZ.v is another good example discussed extensively here) that have been very strong in recent months and are solidly in bull trends.
There are also many juniors that have had big drops recently but are still way up over the last couple of years (e.g., MMG, MFN/MFL.to, and GOZ.v, which have all been discussed extensively here) and remain in long-term bull trends.
All in all, it's still a long-term bull market for metals stocks, with the HUI up about 13 times its low in 2000 and closing at a new all-time high today. Juniors have had a tough correction/consolidation in recent months amid a flight from perceived risk, but those happen in long-term bull markets.
2008 should be a banner year for juniors as they play catch-up with the large cap metals stocks (http://www.resourceinvestor.com/pebble.asp?relid=39049 "It happens this way every time, and every time we see a doubling, at least, in the names that have been forsaken"). The bull market in metals stocks is far from over. |
