http://www.
bluechip-stocks.
com/penny-stocks/great-mining-companies-feeling-the-pinch
Great Mining Companies Feeling the Pinch
Spot prices for gold and silver really seem stuck.
Gold is consolidating around $1,700 an
ounce, while silver can’t seem to...
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http://www.
bluechip-stocks.
com/penny-stocks/great-mining-companies-feeling-the-pinch
Great Mining Companies Feeling the Pinch
Spot prices for gold and silver really seem stuck.
Gold is consolidating around $1,700 an
ounce, while silver can’t seem to break much past $33.
00.
There is still a lot of
enthusiasm for these two commodities, but investors are getting a little impatient with the
group.
You can really notice this in the large-cap sector.
Many of the biggest names have
been hit hard on the stock market, while gold and silver prices remain flat.
Smaller gold mining companies are also feeling the pinch within the industry.
Rising
costs are affecting all the players.
One mid-sized company that’s worth keeping an eye on
going forward is Osisko Mining Corporation (TSX/OSK).
This Canadian gold miner
trades on the Toronto Stock Exchange, and it has a strong business plan for growth.
The
stock has been in a solid downtrend for a while now and may even hit penny stock status
(
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