Some time ago I came to the conclusion that mining stocks go up one day and down the next and seem to be very susceptible to sentiment! I expect it is because they are so volatile that they are very attractive for daytraders. This makes them even more volatile and so it is a vicious circle.
Plus with their obvious link to commodities, then the sentiment that drives the future markets translates to the stocks.
In an ideal world, I would be better at trying to figure out what makes these stocks tick....so that is my next task. Meanwhile, I tried to sell Xstrata, it's amazing how you can read all the books, tut at the examples of poor trading decisions and then go out and make one!
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