While we still may face another downside for the gold bullion which can have an enormous impact on the mining stocks, we have felt since July that most mining stocks are in the process of finishing making what could be major price bottoms. We view weakness and declines in many stocks as investment opportunities. Do your homework! No guarantees here but the following are our thoughts based upon technical indicators such as “On Balance Volume,” “RSI” and “MACD.” Keep in mind that we are looking for bottoming formations; we are not projecting upside price targets. If we are correct, the upside in prices will come later. Also note that if we face a weak stock market for the industrial stocks, if usually augers well for the gold stocks. And whatever you like or want to do, don’t chase or push stocks up, use weakness to your own advantage. In essence, look for a “sale” on stocks, and when they are really cheap and “on sale,” few investors pay attention.

Richmont Mines… “RIC” on TSX and NYSE, currently at $1.65 technical indicators are positive, particularly the “On balance volume” indicator. Under accumulation.  Gold production and $21 million in cash. 2 year price high was $12.70,

Yorbeau Resources “YRB”….16 cents to 17 cents, technicals indicate that the stock is being accumulated by buyer(s) whenever it is sold into the .15 to .17 level. While not aggressively strong technically, they indicate that solid buying on any price  weakness is occurring . Note: Insiders buying and never selling. 2 year price high was .25 cents,

Kincora Copper  “KCC”.… .04 cents to .05 cents, seems to be under strong accumulation after having suffered through a brutal 90% decline( governmental  tax disagreement that may be resolved soon), “On Balance Volume” is very positive,  RSI is positive as well. Insider buying has been very heavy. Strong possibility? KCC is making a long term bottom. 2 year price high was .34 cents,

Niogold “NOX”  .14 cents to .15 cents, technicals are neutral , but the same buyer seems to be there at .19 cents and under, the charts tell us that someone or some institution is accumulating. NOX seems to be making a long term bottom. By the way, at three deposits it has over  2,130,000 ounces of gold (43-101). Insiders are buying ; in essence they are accumulating on weakness. 2 year price high was .51 cents,

Monarque Resources “MQR”  .10 cents to .12 cents, new company with buying coming in on weakness, Technicals show .10 range is support zone, weakness seems to be a reason to accumulate. Large percentage  of insider ownership and insider buying is ongoing ; MQR  has very good properties already.