Friday, February 29, 2008

Upping Jr. Mining Exposure

Earlier this month we called a bottom on the Jr. Mining sector. As it stands, it appears the market has vindicated this call. On the open, we will increase our exposure to the sector with the following positions:

  • Minefinders Corp. Ltd. (MFN: AMEX): Buy 1500 shares on the open
  • Silvercorp Metals (SVM.To): Buy 800 shares on the open
  • Baja Mining Corp. (BAJ.To): Buy 5000 shares on the open
  • Keegan Resources Inc. (KGN: AMEX): Buy 1000 shares on the open

We will return with analysis on the recent IMF statement about gold sales and a review of the overall precious metals markets, the US Dollar and macroeconomic conditions.