North–about a 1/2 hours ago I noted the following:
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The HUI is top tick and 2.5 points off the low…tomorrow should be an up day for comex G&S if the $ is flat or down a bit…
and maybe a strong last hour today–…SIL 32 cent off the low–CDE-PAAS-WPM all green–GDX almost green and 32 cent off the low
Looks like CRIMEX futures are frozen until the 1:30 chicago close due to May op-ex…then maybe they’ll free up…
I like the action of GDX vs GLD and ABX outperforming GDX. but still lots of juniors in liquidation mode. We need the last retail investor to bail out, so we can be ready for the next upturn.
Kor, new high again, I don’t understand the people buying juniors with no proven assets and/or Management. Just buy solid companies at the right price and not over promoted.
*Very* resilient !
I own some SVBL And NSRPF.
SVBL’s positive close yesterday was reassuring
If I had more dry powder, I’d buy more NSRPF … already up 7% from intra-day lows … weak longs being shaken out?
Agree…it does look like the Miners are Sold Out…not much volume and they don’t seem to want to liquidate anymore
Downside risk is very low. Upside potential is enormous.
Agree with all of you on this one. I am tired of running for the hills every time the metals hiccup. 🙂
North–about a 1/2 hours ago I noted the following:
****************************
The HUI is top tick and 2.5 points off the low…tomorrow should be an up day for comex G&S if the $ is flat or down a bit…
and maybe a strong last hour today–…SIL 32 cent off the low–CDE-PAAS-WPM all green–GDX almost green and 32 cent off the low
Looks like CRIMEX futures are frozen until the 1:30 chicago close due to May op-ex…then maybe they’ll free up…
Looking positive, Richard.
Gold tenters,
What are the thoughts on PRZFF … Prize Mining? Hit 52-week low today.
I like the action of GDX vs GLD and ABX outperforming GDX. but still lots of juniors in liquidation mode. We need the last retail investor to bail out, so we can be ready for the next upturn.
Kor, new high again, I don’t understand the people buying juniors with no proven assets and/or Management. Just buy solid companies at the right price and not over promoted.
Could not agree more. This sector saw its low on February 9th as the neglected and boring GDX continues to carve out a solid 11 week rounded bottom.