I happen to be a great fan of rat poison. It means I can eat my cherry tomatoes, and I'm happy to dig a few extra holes through the year for the little would-be thieves (prefer they don't die under my decking).
Howard Coleman (Teaminvest) on ****** last night, outlined his reasons for almost always walking past mining stocks - basically it boils down to the fact that miners, having gone to the trouble of digging up and processing or part-processing some dirt and rocks, then find themselves trying to sell a product whose price is determined by someone else.
That seems a reasonable argument, but the idea doesn't carry through all of the time viz:
• in some cases, there is always a market which for years is not fully controlled by one or few entities (e.g. iron ore);
• gold is an exception, because the nominated market price is more political or macro than commodity-based;
• sometimes you just have to take a punt.
BTW maybe people who are riding the prices every day should look away from gold and some other mining stocks. Meantime, let's look forward to some medium / long term fun!
(IMHO & DYOR)
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$15.22 |
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0.070(0.46%) |
Mkt cap ! $17.49B |
Open | High | Low | Value | Volume |
$15.17 | $15.36 | $15.13 | $45.78M | 3.005M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 8383 | $15.18 |
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Price($) | Vol. | No. |
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$15.22 | 11841 | 3 |
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No. | Vol. | Price($) |
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5 | 8379 | 15.180 |
1 | 125 | 15.170 |
2 | 17406 | 15.150 |
3 | 9520 | 15.140 |
2 | 27806 | 15.130 |
Price($) | Vol. | No. |
---|---|---|
15.220 | 10987 | 2 |
15.230 | 17060 | 3 |
15.240 | 150 | 1 |
15.250 | 200 | 1 |
15.270 | 10403 | 1 |
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