Miners are one of the few remaining value plays left after 2013
By Anthony Mirhaydari
InvestorPlace
Over the last few weeks, I’ve been pounding on the table that gold and silver are about to enjoy some renewed buying interest and that, as a result, the related miners will enjoy a respite after gold and silver stocks were beaten down so severely in 2013.
In fact, the precious metals mining stocks are one of the only areas left in this market that offer a modicum of value after the Market Vectors Gold Miners (GDX) lost 69% of its value from its high in 2011 to a low in December. Silver stocks suffered similarly.
While the underlying metals are ever-so-slowly recovering, with both gold and silver ETFs pushing away from their 50-day moving averages Friday, the mining stocks are taking flight in a much bigger away. Previous recommendations to my Edge Letter Sample Portfolio include Tower Hill Mines (THM), up 41% since I recommended it on Jan. 2.
Here are three more silver stocks on the move: