Club Mulgoa

Friday, July 17, 2015

Mining stocks and banks

All the big majors are getting a downgrade.  And editors are lamenting about mining stocks.

Yet, if you are very selective, there are still some great buys.  Two stocks that I have been topping up are EDE and PXG.  The latter is holding but EDE first top up has more than doubled in a short time.  Even the second recent top up has done well.

Overall, it is a very dangerous sector to enter...

I did top up some banks too when it fell hard recently.  Whether it continues to rise will depend not on Greece but... China.  Greece is just a pesky fly but China could be the big sink hole (sudden, big and deep).

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