Not too Hot on Miners Right Now

I'm off some of the big miners for now. Goldman Sachs is saying that the commodity cycle in China is turning, and this always drives major mining revenues. China's property market is slowing, and that's particularly bad for steel.

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Mining and heavy industry contributed the biggest gains in October in China, propelling overall industrial profits by 25.1 per cent year on year. But the sector has been boosted by a year-long, government-led construction spree, helping lift demand and prices for building materials and taking the edge off higher borrowing costs.

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Wisconsin just lifted its gold and silver mining moratorium after 20 years...

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