Foreign Money on Domestic Mining Industry

Why we think foreign money has been flowing into Mining stocks and why we think they will continue to pump them up…

Here are some clues.

First clue: benchmark indices of several key commodity countries are at record highs.

Courtesy of Bloomberg: Brazil’s Bovespa

Courtesy of Bloomberg: Canada’s S&P/TSX

Courtesy of Bloomberg: Russia’s Russian Traded Index

Second clue: global mining indices likewise are on the ramp!

Courtesy of Stockcharts.com: Dow Jones US mining

Courtesy of Stockcharts.com: S&P Metals and Mining Index

Courtesy of Stockcharts.com: S&P Global Mining Index

Third clue: Best and Dominant Performers during the Past 3 months (as of Friday’s close)

Courtesy of Big charts.com

Convinced?