Three Metalsl/Mining Stocks to Keep an Eye On...

The three that I like in particular are SMS, TC and VNP.TO

All three of them have healthy chart patterns and their RS levels have been steadily increasing. All of them with the exception of VNP.TO are listed on the NYSE. SMS is a recent addition to the NYSE and it can be seen on its chart pattern via the sharp increase in volume from its high profile listing. VNP.TO is an interesting play because of its role as a materials supplier (tellurium, I believe) for solar panel equipment makers (such as FSLR). VNP.TO has just reported stellar earnings and I believe that this is just the beginning for this stock.

Here are some charts...

SMS

Although SMS looks a bit extended, it isn't as bad as GHM (for example).

TC

TC has the lowest risk entry out of all three.

VNP.TO

VNP.TO is bar far the riskiest. It is a recent IPO on the TSX. Its supply and demand business model makes it risky because of the scarcity of their product. Still, continued scarcity of tellurium will increase the price of the metal which will in effect increase VNP's earnings potential.