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Antofagasta perks up

Antofagasta could be worth buying for short-term profits
May 23, 2012

Worries about a Chinese slump and a break-up of the eurozone have hurt the mining sector of late, says Andrew Gibson at www.galvan.co.uk.

Copper and gold miner Antofagasta has dipped below its November swing low at 994p, but has since rebounded nicely. So long as it now stays above that level, the price is well placed to make progress back to 1,125p. Buyers should place a stop loss at 989p.