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FSN: Mining Equities a Gutsy Move Right Now – Morgan
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
Over the next three to four years there are likely to be significant gains made by mining equities but, investors need conviction to jump in, says Morgan Report author, David Morgan.
by Geoff Candy
Mine Web
GRONINGEN (MINEWEB) – It takes guts to get into the mining equity sector right now, says Morgan Report author, David Morgan, when it has been such a poor performer but, he says, “the old adage ‘buy straw hats in the winter’ applies here because you’re buying when no one else wants them and you’re able to buy them cheap,” he says.
Speaking on Mineweb.com’s Metals Weekly podcast, Morgan reiterated his call that the bottom for these stocks came in May this year and, while there has been a “pretty nice rise” over the last few months, they have since fallen back a fair way.
That is not to say it will all be one way traffic. In fact Morgan said, “The overall general equity market does not look strong to me, it looks very weak, and so we might see another downtrend in the mining equities following the general equity market. But, overall I do believe we’re going to see significant gains in the mining shares over the next three to four years and this is a place that’s very under invested right now.”
Continue Reading at MineWeb.com…
2012-11-21 20:00:49
Source: http://silveristhenew.com/2012/11/21/mining-equities-a-gutsy-move-right-now-morgan/
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