Finally...a winner

I mentioned that I've been having a hard time with this choppy market and that the only thing that has been doing well for me are the gold stocks.

I own a small stake in ANO, which has been gang-busters recently. But other than that, my other gold stocks have been hovering around their lows. That changed today when US Gold Corp (UXG) announced a favorable exploration result. The stock is up 23% right now. I also own Great Basin (GBN), which is up a nice 5% today. I was getting worried because it seemed like most of the gold stocks had already taken off.

Now if Tanzanian Royalty Expl. (TRE) can wake up, I'll really be happy.

On another note, I'm still waiting for the pullback in MTLK so I can buy. No luck so far.

Quiet market and gold

Dull market today.

I have to admit that I've become a bit more interested in gold recently (More Tom O'Brien influence). I've been looking for a spot to dip my toe in the water and, after reading a Mark Hulbert article today, I think I've got a possible entry point.

Go check out the article. It basically says that every gold timer newsletter he tracks is very bearish on gold and from a contrarian point of view, this is very bullish for gold.

I'm looking for some cheap mining stocks with big growth potential. Check out:

Anooraq Resources corp. (ANO)
Harmony Gold Mining Co. (HMY)
Tanzanian Royalty Exploration (TRE)
Hecla Mining Co. (HL)