Akcie ťažobných firiem

In my piece Juniors - Buy of a Lifetime part I I noted the extreme undervaluation of the junior sector against gold and concluded that a buy opportunity of a lifetime could be staring right here into our eyes. Now three weeks later nothing has changed my view. Yes, there's a growing sense of frustration among the junior share holders but the simple truth is that major bottoms are characterized by sentiment like this. Some investors are throwing in the towel because they are so demoralized by the fact that most juniors were trading higher in December 2003 as they are now. What these investors fail to recognize however is the cycle of over-valuation/under-valuation.

It's simple, back in December 2003 the shares were extremely overvalued against gold and in February 2008 they are extremely undervalued against gold. So the only thing investors need to know is how to recognize significant BUY opportunities which are characterized by extreme undervaluation and severe over-sold technical indicators.

Zdroj: WSB

28.02.2008