Buy ’em When There’s Blood in the Streets

Posted by Peter Grandich for Money Talks

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There’s an old saying to buy them when there’s blood in the streets. When it comes to mining and exploration stocks, bodies of former speculators (including yours truly) are “walking dead”

While I still believe there will need to be a significant period of base-building, some junior resource stocks seem to be priced at levels where you just can’t expect to get any more blood out of them.

One that fits that bill is Teranga Gold (TGZ-TSX-V $.50) This article did a good job of why it’s now a compelling speculation for high-risk, high-reward speculators  http://seekingalpha.com/article/1863411-3-more-low-cost-small-cap-gold-producers-that-will-survive-now-and-thrive-later?source=cc

Please note – Peter Grandich owns 900,000 shares of TGZ

Peter Grandich

Athletes & Business Alliance www.scoreforbusiness.com

Trinity Financial, Sports & Entertainment Management Co. www.trinityfsem.com

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