Leong notes that investors in precious metals continue to see further opportunities for profit, especially in mining companies and junior gold miners.
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New York, NY (PRWEB) September 20, 2012
According to George Leong, contributor to Profit Confidential, with gold flying through the $1,700 level, gold junior mining companies are excelling in the stock market, and there’s more to come given the massive financial distress and possible exit of Greece from the eurozone, he adds.
In the article “Junior Miners Offering Great Upside,” Leong notes that investors in precious metals continue to see further opportunities for profit, especially in mining companies and junior gold miners.
In spite of the fluctuation in gold, silver, and copper prices, Leong claims that these mining companies will continue to mine.
Leong reports that China has also been buying gold mining companies around the world in an effort to increase its reserves. He adds that India also continues to be one of the top buyers of gold worldwide.
Leong reports that several stocks in the sector are offering great upside potential for investors, including Keegan Resources, a small-cap play with above-average price appreciation potential, and Golden Star Resource, a gold company trading at almost seven times its 2013 earnings per share (EPS) with strong valuation and potential for long-term gains.
Leong also points out that small-cap Nevsun Resources has beaten on EPS and revenues in the last two quarters.
Leong concludes by offering some advice to investors of precious metals: “…buy a mixture of exploration-stage gold mining companies along with small to large producers. Under this scenario, [investors] can play both the potential aggressive gains of exploration stocks and the steady returns of large gold producers.
Profit Confidential, which has been published for over a decade now, has been widely recognized as predicting five major economic events over the past 10 years. In 2002, Profit Confidential started advising its readers to buy gold-related investments when gold traded under $300 an ounce. In 2006, it “begged” its readers to get out of the housing market... before it plunged.
Profit Confidential was among the first (back in late 2006) to predict that the U.S. economy would be in a recession by late 2007. The daily e-letter correctly predicted the crash in the stock market of 2008 and early 2009. And Profit Confidential turned bullish on stocks in March of 2009 and rode the bear market rally from a Dow Jones Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a gain of 99%.
To see the full article and to learn more about Profit Confidential, visit http://www.profitconfidential.com.
Profit Confidential is Lombardi Publishing Corporation’s free daily investment e-letter. Written by financial gurus with over 100 years of combined investing experience, Profit Confidential analyzes and comments on the actions of the stock market, precious metals, interest rates, real estate, and the economy. Lombardi Publishing Corporation, founded in 1986, now with over one million customers in 141 countries, is one of the largest consumer information publishers in the world. For more on Lombardi, and to get the popular Profit Confidential e-letter sent to you daily, visit http://www.profitconfidential.com.
Michael Lombardi, MBA, the lead Profit Confidential editorial contributor, has just released his most recent update of Critical Warning Number Six, a breakthrough video with Lombardi’s current predictions for the U.S. economy, stock market, U.S. dollar, euro, interest rates and inflation. To see the video, visit http://www.profitconfidential.com/critical-warning-number-six.