Recent movements of Australian dollar versus the Greenback are assisting our miners (except for nickel miners that is).
Gold has gone back over A$800 today and other base metals (except nickel) are at recent highs in A$ terms.
Nickel will have its day again very soon - at current prices demand will soon drive inventories back down to record lows - have a look at Kitco 5 year data.
Some very good value out there now. Demand from China and other new age developing counties are not going to go away for some time yet.
This market turmoil is turning out to be a great opportunity for those who have been sensible enough to take some profits along the way in recent times.
Some excellent opportunities in the junior mining sector who are producing or project ready. When gold takes off in the next month or so (if USA drops interest rates as is being pushed at the moment the $US will be hammered and gold will spike to US$1000 and there will be a mini gold rush) the junior miners will show the biggest gains. So many of them have been massively sold down over the last 18 months and again in recent weeks.
Invest a portion of your profits and spread your plays over about half a dozen juniors with projects ready to go. ALD, WEZ and of course TTR are three I am following there are plenty of others too. ALD is scheduled to produce in a few months - timing could not be better for them.
TTR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
