Gold is down on the open today and it looks like it is going to chop around the $1400 an ounce level for a few weeks after last weeks breakout through $1350. Gold though is leading the way of other metals that have not yet broken out.
I believe silver is the most interesting metal besides gold as a buy, but when it comes to mining stocks copper stocks may be more interesting than silver stocks – when it comes to the big cap ones.
First take a look at copper.
Now check out copper giant Rio Tinto.
RIO is paying a 5.03% dividend.
I don’t own it, but have it on my watchlist.
Yesterday I did an interview with Jim Goddard of www.howestreet.com. To listen to it go here:
-Mike
