David Fuller's view The safest plays in this sector are probably the Australian companies mentioned, not least Newcrest Mining (monthly & weekly) - primarily a gold producer but it also has a large tungsten mine. A close beneath A$35 would now be required to question current scope for sideways to higher ranging. Newcrest is also listed in the USA.

Conservative investors who want access to a well managed, world-class mining portfolio may be interested in one of Fullermoney's old favourites, which is also in my personal portfolio - the BlackRock World Mining Trust (monthly & weekly). BLWM (LN), also listed in Australia and Luxembourg, completed a mean reversion move to the MA earlier this month and currently sells at a discount to NAV of 13.2%, according to Bloomberg. While some additional resistance may be encountered near the highs, a close beneath 700p would be required to delay significantly additional upward scope over the medium to longer term.