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Is Now a Good Time to Scoop Up Shares of Joy Global?

The shares of Joy Global Inc. (JOYG), first discussed here on June 15, 2009, at a price of $38.05, have pulled-back in-sync with the Dow's recent downdraft, but that doesn't change the company's promising future. Here's why:

A manufacturer and servicer of mining equipment, Joy Global is on-track to capitalize on the development of emerging markets, and that should drive impressive gains in orders, revenue, and margins. Even with sovereign debt issues clouding the European GDP growth story, global GDP growth still should be adequate, with impressive growth in Asia, provided Europe's woes do not substantially decrease the supply of credit globally.

Continue reading Is Now a Good Time to Scoop Up Shares of Joy Global?

New Gold (NGD) and Taseko (TGB): Resource Bargains

"We see plenty of room in the markets to stage a rally back to its recent highs, and plenty of short-term profit potential as well; I see a great opportunity to scoop up some juicy resource stocks, courtesy of the market pullback," says Larry Edelson.

The editor of the Real Wealth newsletter explains, "At worst, I think we can get a short-term rally that can put some additional profits in your pocket. And if I'm wrong, the risk of entering these new trades at this time is on the low side.

"These stocks below are cheap! A composite, or synthesized forecast of all cycles for the S&P 500 Index shows that the rally since last March is only about half way over, and that it could extend all the way into August of this year.

Continue reading New Gold (NGD) and Taseko (TGB): Resource Bargains

Junior Gold Miners (GDXJ): Safe Haven Asset Class?

"The fallout from plunging oil prices and Europe's sovereign debt crisis has given investors few places to hide; however, one asset class that can be seen as safe haven is gold-related investments -- and the current pullback could be a good buying opportunity," suggests Brandon Clay.

The editor of Invest with an Edge explains, "The Market Vectors Junior Gold Miners ETF (GDXJ) has outperformed its larger rivals since its debut last November.

"The ETF has proven popular with investors; since it came public it has accumulated almost $116 million in assets. That's an impressive haul in such short time.

Continue reading Junior Gold Miners (GDXJ): Safe Haven Asset Class?

Rio Tinto Clamps Down in Australia

A mining tax proposal in Australia, dubbed the Resource Super Profit Tax (RSPT), has caused the mining company Rio Tinto (RTP) to put some projects on hold. According to a report from Bloomberg, "Rio has plans to suspend an A$11 billion ($10 billion) expansion of its iron ore operations in Western Australia."

What does this mean to the company's investors? Really, not much. This move represents no fundamental change to Rio Tinto. It's merely a change in schedule. The item of concern here is the proposed tax itself. Bloomberg states: "The tax may reduce Rio's earnings by 21 percent and earnings at Melbourne-based BHP by 17 percent in 2013, according to UBS AG estimates."

Continue reading Rio Tinto Clamps Down in Australia

Rio Tinto (RTP): 'Set to Play Catch-Up'

Rio Tinto RTP logo"Economic activity is increasing across the world., with Asia and emerging markets ahead of the pack, leading the dramatically increasing demand for commodities over the past year.; the major miners are reporting large increases in demand, outstripping production capacity in many cases," says global markets specialist Horacio Marquez.

The editor of The Money Map Report explains, "That's great news for mining companies. In fact, the big producers all blew away market expectations in their last reports. But it's even better news for Rio Tinto (RTP).

Continue reading Rio Tinto (RTP): 'Set to Play Catch-Up'

NovaGold Resources (NG): Lundin's Look at Gold

"Western speculators are quick to dump gold on dollar strength, while long-term investors and savers continue to quietly accumulate in anticipation of oncoming inflation," says metals and mining specialist Brien Lundin.

In his The Gold Newsletter, he explains, "Over the long tern, the price of of gold will be set not by governments or speculators, but by those who look to gold as a bulwark against the ravages of inflation. Despite the vast tides of money flowing into and out of the "paper gold" markets as hedgers and speculators fight their daily games of tug-of-war, investors and savers across the globe continue to buy gold."

Continue reading NovaGold Resources (NG): Lundin's Look at Gold

Mining for Value in Silver Sector

"We have reinstated our buy recommendations for Silver Wheaton Corp. (SLW) and Pan American Silver Corp. (PAAS)," says Jack Adamo.

The editor of Insiders Plus explains, "First, we look at Pan American Silver; this is one the steadiest growers I've seen in any industry. It has more than tripled its silver production in the last 8 years. Its stock has trounced the S&P 500 over the last five, ten and twenty years.

Continue reading Mining for Value in Silver Sector

Top Picks for 2010: Legend International (LGDI)

This post is part of a special report, Top Picks for 2010, the 27th annual survey in which TheStockAdvisors.com asks the nation's leading advisors for their single favorite stock for the new year. See all 80 stocks listed here.

Mark Leibovit uses a proprietary technical trading system known as volume reversal analyst; over time his buy and sell signals for the market have led to one of the top rankings among market timers -- including being ranked timer of the year in 2006 by Timer Digest.

He also uses this system to highlight trades among individual stocks -- such as his top pick for 2010: Legend International Holdings (LGDI). Here's the latest from his VRTrader.

Continue reading Top Picks for 2010: Legend International (LGDI)

Top Picks for 2010: Virginia Mines (VGQ)

This post is part of a special report, Top Picks for 2010, the 27th annual survey in which TheStockAdvisors.com asks the nation's leading advisors for their single favorite stock for the new year. See all 80 stocks listed here.

"Virginia Mines (VGQ), a Toronto exchange-listed company, remains my favorite gold exploration play," says resource expert Adrian Day.

In choosing the stock as his top pick for 2010, the editor of The Global Analyst explains, "The company has a successful track record, top management and a super-strong balance."

Continue reading Top Picks for 2010: Virginia Mines (VGQ)

Top Picks for 2010: Keegan Resources (KGN)

This post is part of a special report, Top Picks for 2010, the 27th annual survey in which TheStockAdvisors.com asks the nation's leading advisors for their single favorite stock for the new year. See all 80 stocks listed here.

"Gold will be the primary beneficiary of the massive bailout and stimulus plans enacted by not only the United States, but every industrialized nation across the globe," forecasts Brien Lundin.

The mining stock specialist and editor of The Gold Newsletter looks to a small gold exploration and development company as his top pick for 2010: Keegan Resources (KGN).

Continue reading Top Picks for 2010: Keegan Resources (KGN)

BHP Billiton (BHP): The 'Big Fish' in Natural Resources

"To beef up our already strong collection of natural resource plays, we're adding Australia's BHP Billiton (BHP) to the mix," says long-term growth stock expert Stephen Leeb.

In The Complete Investor, he explains, "This $175 billion company is the largest mining company in the world and makes up some 14% of Australia's market index. It's truly the big fish in resource-rich Australia's ocean-sized pond."

"With more than 100 operations in 25 different countries, BHP produces a huge array of commodities and has a geographically diverse footprint to boot.

Continue reading BHP Billiton (BHP): The 'Big Fish' in Natural Resources

Gold and silver: Frishberg looks behind the scenes

Daniel Frishberg -- a former Wall Street insider and the current host of BizRadio -- offers an intriguing glimpse behind the scenes of the gold market.

In his The Moneyman.com Gold & Oil Report, he questions the role of not just overall market fundamentals, but short positions held by institutions. He also looks to a new long positions in silver.

Frishberg explains, "There are plenty of reasons to be bullish on the future of gold prices, including a weak US dollar. Further, India's Central Bank recently announced their purchase of gold from the IMF. Russian and Chinese Central Bankers have also expressed an interest in purchasing the remaining IMF gold.

Continue reading Gold and silver: Frishberg looks behind the scenes

BHP Billiton (BHP): 'Avalanche of upgrades'

"BHP Billiton Ltd. ADR (NYSE: BHP) is well placed in coal, oil, gas, and uranium markets, making it a solid play in any investment environment," says global specialist Yiannis Mostrous.

In The New World 3.0, the advisor explains, "BHP Billiton is the only major listed company to that boasts such a diversified energy portfolio.

"Recently, analysts have unleashed an avalanche of upgrades for companies in the mining sector, coinciding with higher price forecasts for a wide range of metals.

"The main reasons for the recent upsurge in optimism regarding miners are strong economic growth in China and an anticipated restocking of materials in developed nations.

Continue reading BHP Billiton (BHP): 'Avalanche of upgrades'

Silver Standard (SSRI) sets the standard in silver mining

"Silver Standard Resources (NASDAQ: SSRI) has set a new standard for silver resources; simply put, its boasts the largest published in-ground silver resource of any publicly-traded silver company," says mining stock specialist Brien Lundin.

In The Gold Newsetter he adds, "We were fortunate over the years that the great idea behind this company was combined with a great management team, as CEO Bob Quartermain is among the best in the business."

"Silver Standard has 1.127 billion ounces in measured and indicated resources, plus another 195 million ounces in proven and probable reserves, and another 456 million ounces in inferred resources.

"Its resources come from a portfolio of properties spanning the globe from Argentina, Peru, and Mexico, to Canada, Chile, the US and Australia. Now the companyis making the transition to production with aggressive development programs on five core properties.

Continue reading Silver Standard (SSRI) sets the standard in silver mining

Newmont is still mining the right commodities

Newmont Mining's (NYSE: NEM) stock continues to meander, despite an average, higher price for gold so far in 2009. The primary culprit? An average, lower price for copper.

Still, with a likely FY2009 revenue gain of 6-7%, I'm Reiterating my Buy rating for the company, first recommended on June 3, 2009 at a price of $46.42.

Continue reading Newmont is still mining the right commodities

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