Formation Capital (FCO-TSE $.36) – In my last newsletter, I commented that any positive movement in the markets should be reflected in this company. Needless to say, the markets have yet to deliver despite the significant advancements made by Formation Capital on its 100%-owned Idaho Cobalt Project (ICP), which appears just weeks away from approval [...]

If I don’t comment on Northern Dynasty people will write and call! I think the recent referendum should put shareholders and interested parties at ease. I think it’s very attractive and I have bought shares this past week. Click the link below for a good presentation on NDM. Scroll down to 11:20 mark. http://events.onlinebroadcasting.com/denvergold/090808/index.php?mode=1&sel_date=1

Sunridge Gold (SGC-TSX-V $.33) – In these heavily oversold market conditions, this is one of the most severe examples of an undervalued company with investors “throwing the baby out with the bathwater.” Sunridge continues to develop very large assets on its Asmara Project located in Eritrea and some key announcements are expected in the next [...]

Timmins Gold (TMM-TSX-V $.70) – Lots of great success on the drilling and acquisition side. Again, those fearing more bad times for juniors should know I believe this stock has far more value than its present price, and its assets should hold up better than many other juniors.

I have just recorded the single most oversold condition for gold since the great bull market began. Mining shares are also deeply oversold and juniors, well, the fire sale has become a nuclear detonation. Many juniors shares have fallen to levels where it will be tough to continue without recapitalization as financing will be hard [...]