mining stocks (gold): some juniors still look ugly
Several gold stocks still posting lower lows, others finally bottoming:
Vista gold:
Midas gold:
Asanko:
Teranga: bottoming?
Sabina: holding very well
Nighthawk: turning the corner?
Corvus gold: performing strong!
I believe the bad gold stocks with deposits that will not be developed any time soon like VGZ or MAX are left behind for good companies like KOR, SBB and NHK, … with projects that are more likely to be developed or be taken over.
Same for mid cap producers like BTG and EDV that are holding up very well after publishing new projects with AISC far below average gold companies.
I believe in this market good companies get almost no or small reward and bad companies are sold off because lack of speculative buyers.
When market turns, these better companies will be first to attract institutional money, so that is where I prefer to be invested in.