11-05-2014, 09:49 AM
(11-05-2014, 09:43 AM)Roadmap2Retire Wrote: Another beaten down sector is the commodities market. Gold/silver/other metals are falling (and are still expected to fall considering the strong US dollar). Some mining giants are attractively valued right now.
I ended up picking a mid-cap when I wanted a mining firm a couple of years ago (IAMGold) which has taken a beating and the dividend was cut last year. I held on and the stock price has suffered more. Its been the dog in my portfolio, but its still a well run company...a very efficient mining firm. Hopefully they will survive this depression in the mining sector.
I would recommend going for the bigger names in the sector - some DGIs have been picking up BHP/BBL - so something to dig deeper into. Others off the top of my head taht you might want to look into are Barrick Gold (ABX), Franco-Nevada (FNV).
Thanks, I will conduct some research in this sector
lewys