mikeer69's  Instablog

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Individual Investor, focused on biotech and natural resource companies.
  • GDXJ Call 0 comments
    Jun 5, 2011 11:14 AM | about stocks: BHVCF, GGAZF, AAU, CZGDF, RGLSF

    I believe it is high time that someone makes a call on the GDXJ going much, much higher. Few have stuck their necks out on this subject, but the junior miners are the future of the mining space. Let's face it, the majors are not spending enough to explore because it is too risky, and production numbers are flattening at best, and decreasing more often.  It is time for the GDXJ to rise.  Once we get over a bit of a "scare" on QE3 not coming (it will), I suspect an argument can be made for more than a 100% move higher in the GDXJ.  I'm in favor of juniors that are on the cusp of a discovery (no 43-101 quite yet, but on the horizon), and future producers that are less than a year from producing.

    Favorite plays at the moment include Bellhaven Copper & Gold (BHV-V), Goldgroup Mining (GGA-T), Almaden (NYSEMKT:AAU), Caza Gold (CZY-V).  

    Embrace the volatility, plug your nose, and buy those that look cheap. It should pay off.

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