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With gold making it back up to $1400 today and silver blasting right past $33, it's no wonder that most miners are now approaching the price levels they achieved in December. But of course, there are always a group of laggards - stocks still well off their December highs. This post will show you the 10 leading members of this currently forgotten group.
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My data is taken from an examination of the 150+ mining stocks I follow on a daily basis. I calculated the percentage current price is lower today than the high achieved sometime in December. These stocks will be presented in order of least oversold to most oversold.
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While I make no claim these stocks are "of the highest quality", I do claim that they will regain their December highs as they are members of this powerful secular bull market for mining stocks. In my opinion, it is just a matter of time.
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The trick to trading this group profitably is really no different than trading the "in favor" miners. One simply needs to recognize the clues that they are ready to "move" then act on it by taking a long position.
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Anyway, here is our current group of "out of favor" miners.
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Click on any chart to ENLARGE
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#10 Banro Corporation (BAA)
Discount 25.45%
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#9 Comstock Mining Inc (LODE)
Discount 25.64%
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#8 Brigus Gold Corp (BRD)
Discount 27.35%
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#7 East Asia Minerals (EAIAF)
Discount 27.64%
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#6 Jaguar Mining Inc (JAG)
Discount 28.36%
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#5 Santa Fe Gold Corp (SFEG)
Discount 28.98%
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#4 Amarok Resources (AMOK)
Discount 29.48%
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#3 Searchlight Minerals Corp (SRCH)
Discount 29.88%
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#2 Radius Gold Inc (RDUFF)
Discount 30.92%
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#1 Silver Falcon Mining (SFMI)
Discount 42.86%
Nov. 23 Weekend report
23 hours ago
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