COUP D’OEIL…QUICK GLANCE AT SOME MINERS

From our  www.Canadianmineanalysis.com  site. There are more than a few mining stocks that we have monitored in the past……some have seen superb moves up in price over the last two to three years and much more upside may be on the way. Some have had large moves up already so be careful, don’t chase. Some have been disappointments…of which we are reminded almost weekly-in French and English! TOP OF THE LINE FOR NOW…..RICHMONT MINES, “RIC” We first noted this at slightly over one dollar Canadian and under one dollar U.S. Saw over 900% move up, with higher gold prices this could be a large mover……was a 900% return, still up 700% plus, CLAUDE RESOURCES (acquired)  We pointed out this at the .30 cents level, we were justified as it was acquired by and now is SILVER STANDARD “SSO” at $13 which has exceptional potential….naturally the need is a silver bullion price rise. Claude was a large percentage return. ALEXCO “AXR” Canada’s largest exclusively silver producer has suffered harsh correction due to the much manipulated silver bullion market to levels that could be a superb opportunity. Now at $2.20 was over $8 in 2011, has solid cash position and large silver resources.   Higher silver prices will have effect. We like this company and its management. We like the weakness to buy OSISKO “OSK” at $2.70, it offers potential and has outstanding management and directors, good properties as well……has a large cash position and excellent properties in Quebec and Ontario. HPQ SILICON […]

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Market is still at a high risk level…….

MOST IMORTANTLY   We are always looking to be fully invested as we invest when specific stocks have suffered severe declines to prices indicating that they are severely undervalued. Admittedly, they often decline even more before they turn around; but that has always been our strategy. While working in Quebec, I would leave open limit orders in New York for specific stocks at prices that were far below the prices they were trading at when I put in the orders. While I could never buy all the shares we wanted and none of many companies, I would get some superb bargains. This was a strategy described in an interview years ago by the late legendary investor Sir John Templeton. We do see high risk today in many popular heavily recommended stocks. Opportunities for exceptional capital gains are always present but too many stocks have been touted and bought at the high end of their price ranges. Again, many of the best performing stocks are now selling at high valuation levels which usually end sadly. History shows that “paying up” generally leads to disasters.

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