Blog > Gold and Resources > When copper turns to gold: Katanga Mining (KAT) chalks up 76% gains in a week!
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When copper turns to gold: Katanga Mining (KAT) chalks up 76% gains in a week!

Today's Financial News - Posted September 9, 2009

Canadian-based copper and cobalt mina Katanga Mining (TSE:KAT) had good news today. For Hot Stock Confidential Members, the news was even better!

by J. Christoph Amberger

Baltimore, MD — TFN: As Washington keeps adding to its grandiose and unpaid-for schemes, the dollar keeps falling and commodities…? Well: Depending on when you look, they’re either dropping on justified expectations of sustained economic shrinkage. Or rising on hyper-active rumors that somehow the Chinese will buy ‘em all up.

We don’t mind either way: Our Hot Stock Confidential open positions portfolio has both short and long positions on key commodities. Currently, our short on gold is down. But our silver plays are up!

Better even, the Canadian copper and cobalt miner we recommended last Thursday is going through the roof right now!

Katanga Mining (TSE:KAT) announced today “its intention to accelerate the ramp-up of its project in the Katanga Province in the Democratic Republic of Congo to 150,000 tons of copper and 8,000 tons of cobalt per annum through the earlier completion of the construction of Phases 3 and 4.”

I’m big on the announcements of plans. As is the President. How far these plans are supportive of investment decisions, I leave to your judgment. But I wasn’t complaining at all that judgmental when I saw that investors were pouring money into our Toronto-traded Copper Kaiser of the Congo.

I issued a sell alert that locked in 76.8% gains for our members in less than a calendar week… or 4 trading days.

I’d love to take credit for picking this one… but this stock was suggested for further scrutiny by HSC Member Chris W.

This, by the way, is double-digit gainer #55 so far this year for HSC members. See the fun you’re missing?


Next Article: Vical (VICL) just keeps on giving

Posted by J. Christoph Amberger · Filed Under Gold and Resources 

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