Stocks of junior resource and energy companies have been undeservedly punished with the sell off in crude oil, natural gas and agricultural commodities.
The real world shows that demand is holding up at historical highs going into the month of August.
Numbers don't lie, but markets tend of over react and overshoot. I believe the best juniors listed are tremendous buys at current prices.
There is a paradox here. Many junior and senior resource companies are at very attractive levels right now, and astute investors should be carefully selecting bargains at this time. August is historically the best month to buy in to the precious metals, and many of the better-run companies are selling at attractive valuations.
In summary, don’t let the summertime blues get you down. Look at the opportunities available, but please, if you are deciding between companies where one sells at $5.00 and one at $0.25, be as certain as humanly possible that the cheaper one truly is superior, not just cheaper.
Give it time gents I feel the fourth quarter will bring us better days and profits. Nickel is pretty strong overall so is the commodity market; don't forget they had exhibited a great deal of strength recently and I feel strongly that this set back is only momentary. Things will rev up perhaps even before the labour day weekend.....late August run anyone?
