Monkey Throw Dart: Mining Stocks on Fire

Friday, October 29, 2010

Mining Stocks on Fire

Here's a quick run-down on some of the mining stocks that have exceeded the year-to-date 100% gain threshold and now meet the criteria for membership into the 100% club. Holding some of these stock can be about as safe as working in a Chilean mine or any other mine for that matter, but also can provide rewards for those willing to venture into the abyss.

MSB, Mesabi Trust, Iron, +253%
SHZ, China Shen Zhou Mining, Fluorite, Non-Ferrous, +250% (recent price spike)
REE, Rare Element Resources, Rare Earth, Gold, +179%
AUMN, Gold Minerals, Co., +178%, (recent price spike)
AAU, Almaden Minerals, Gold, +174%
GMO, General Moly, Molybdenum, +129%
NSU, Nevsun Resources, Gold, +127%
UXG, U.S. Gold Corp., +112%
NGD, New Gold, +103%
FRG, Frontier Gold, +102%

Speaking of stocks, mines, and fire, here's a first hand account from the Anti-Tourist of a trip to a ghost town (Centralia, PA) directly above a burning mine. Sounds like the Anti-Disney World complete with toxic fumes and sinkholes. Admission is still free.