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BlackRock (BLK) resources investment chief Evy Hambro sees a "massive opportunity" in mining...

BlackRock (BLK) resources investment chief Evy Hambro sees a "massive opportunity" in mining stocks, sparked by continued industry consolidation driven by low valuations of companies. Global miners are trading at 9.35x estimated earnings, about half their average in the past five years. Top holdings in BLK's $36B resources portfolio: RIO, BHP, VALE, FCX, TCK.
Comments (1)
  • inquisitivemind7
    , contributor
    Comments (208) | Send Message
     
    Wait will GDX reaches 24-27 and/or gold reaches $1300 before even considering buying. Once these levels are reached, knock yourself out and go all in. Timeline: ~Mid 2012.

     

    For now, gold and GDX should rally with market until they both fall off a cliff in late 2011.
    25 Oct 2011, 02:39 PM Reply Like
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