Wednesday, January 14, 2009

Mining Stocks

Gold and Silver spot prices are down quite a bit over these last few days. This is a temporary downswing, and it makes for bargain stock buys in the mining sectors. Here are some of my picks.

Lundin Mining Corp (LMC) @ .98 a share.

HECLA MINING CO (HL) @ 2.11 a share.

IVANHOE MINES LTD (IVN) @ 2.92 a share.

MINCO GOLD CORP (MGH) @ .38 a share.

NOVAGOLD RESOURCES (NG) @ 1.36 a share.

KIMBER RES INC (KBX) @ .50 a share

Teck Cominco Limited (TCK) @ 4.70 a share.

Those are just some of the bargain buys right now in the mining sector. I'm still a believer in my previous favorites mentioned in an earlier post. If I had the money i'd be buying those up faster than you can say hyper inflation. Of course i'm just speculating.