“Sun Worldwide” – Take Profits On Selected Mining Stocks….

May 6, 2010 - PRLog -- “Sun Worldwide” have instructed clients to sell half their holdings in the stocks of three junior gold miners after booking gains of, in two instances, over 300%.

The firm said that it was taking some money off the table after stellar gains attributable to the continuing rise in the popularity and price of gold over the last year.

“Sun Worldwide” advised clients to acquire stocks in several companies as they began to recover following the broad sell off in commodities after the collapse of Lehman brothers in September 2008. The sell off affected miners significantly but the firm suggested at the time that “the bull market in gold is intact and investors assuming the risk now would not be disappointed”.

Analysts at “Sun Worldwide” told clients that the sell order was in direct response to what it saw as “canary in the coal mine” signals coming from the sovereign debt markets which they suggest may herald a round of deleveraging as investors eschew risk but inevitably “throw the baby out with the bath water”.

The analysts added that they would recommend re-acquiring the stock after what they expect to be a significant pullback in prices of what are generally regarded as high risk assets.