Tuesday, July 22, 2008

Earnings season for miners

Coming up the next two weeks. Any thoughts on this sector that has performed absolutely horribly considering the huge increase in gold & silver????

Many companies took nosedives after not meeting estimates and even still showing negative earnings. I understand that the money is put into other projects but at some point investors are going to want to see profits not promises of say 1.5 million ounces of gold by the year 2012.

Opinions???

Part of my reason for asking is i'll be on my trip and may clear out most positions before I go so I don't have to worry as much. I'll have internet access so will be blogging but there will be days where I won't have the whole trading session available to post.

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