2 Mining Stocks to Buy in March

Mining stocks in general have been on the decline since just after the U.S. and Israel attacked Iran on Feb. 28. Normally, gold and other precious metals are seen as safe-haven assets in times of uncertainty, and initially, mining stocks surged in the wake of the attack.

However, when it became clear that the ongoing hostilities would result in oil supply disruptions that would push Brent crude to more than $100 a barrel, mining stocks slumped. That's because rising costs for energy mean higher inflation, and possibly even interest rate increases, and precious metals tend to underperform during periods of high or rising interest rates.

Not all mining stocks have been taking a header, though. Canadian players Agnico Eagle Mines (NYSE: AEM) and Wheaton Precious Metals (NYSE: WPM) are up more than 19% and 22%, respectively, so far this year, even as the S 500 is down more than 3%. 

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Source Fool.com