Searchlight Resources Inc (SCLTF)

[pmunch]

"Juniors Still Getting Hammered"

Take a look here at this Jr. miner ... It has fallen far

http://www.juniorminers.com/featured.html

Note the iHub Chart and board ... AAGC .... http://investorshub.advfn.com/boards/board.aspx?board_id=20442

Note this Article ... PERSPECTIVE

Nov.12.11

Lots of articles these days about the bargains in junior mining stocks. No matter which ticker you plug into, the story and chart are the same. Almost everything sitting at 52 week lows or very close to it. Then just when you think they can't get any lower, they get hammered again. Such was the case this past week with Tanzanian Royalty TNX when is came under attack by a classic bear raid. At one point in the trading day I think the stock was off around 50%.

Back a few years ago in 2006 this stock was $10 bucks and gold was $600. This week the stock hit $1.60 or so and gold is plus $1700. Something seems off here. No doubt a lot of longs have thrown in the towel not only on this play but a lot of other plays.

The other issue that seems to come into play here is that there seems to be a bit of nervousness when investing in places like Africa or some parts of South America. For that reason we are focusing our research on junior miners with projects here at home in Canada or the USA and Australia. Three stocks on watch and following are Canasia CAJ, Atac Resources ATC and Smash Minerals SSH.

Even though a lot of the juniors we follow are down, we are still doing well with the hot mining plays that are issued to us each month via the Midas Letter. After being a subscriber for almost a year now I can attest that it is money well invested. James West takes the guess work out of stock picking for sure.

As always, use Due Diligence and see our Disclaimer and be sure to visit one of our sponsors.


GAdams

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