Timmins & Beardmore - Northern Ontario

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Message: Improved sentiment for junior miners

Improved sentiment for junior miners

posted on Dec 30, 2008 10:26PM

Yesterday was a good day for SGX, but not only for SGX. I am seeing improved sentiment for the sector as a whole. Most of my junior mining stocks have gone up double digit percentages. This hasn't happened for months.

These sharp increases do happen every now and then, but when they are supported by increased volumes, then that's a very bullish sign. You'll see the high-potentials among the junior miners pick up first and the rest will follow at some stage.

Coming back to SGX, it seems that the stock has moved out of its downward trend which has January 4th, 2008 as a starting point. This is good news. Expect bigger increases in the coming trading days.

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