Friday, September 01, 2006

Harvest Season

August went out with a bang for resource stock investors. Five positions posted better than 10% on the day:

Commander Res 20.00%
PolyMet Mining 17.18%
UC Resources 14.71%
Orex Ventures 13.16%
Gold 10.10%

There is a strengthening consensus that September could be one for the record books for resouce investors. The merger announced yesterday between Goldcorp and Glamis is fueling speculation about further consolidation candidates and attracting attention to the sector. The market is closed Monday for Labor Day, but Tuesday should be interesting. Lots of news is pending on many fronts...

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