@Andrew1234, @64
I like to refer to the 10 year XGD chart to remind me why I continue to hold gold stocks ......there is something for every amateur chartist on that graph......giant rounding bottom, giant inverse head and shoulders, and giant cup and handle.....and then the exclamation mark breakout. Yep. it's looking a little overbought, but it sure looks like it's going back to the highs of 2010.
And US POG/ETFs/indices all printing bull flags this past several days.
As 64eheh points out.......DCN, and also add AMI, PRU, EAR, RED, WGX all pointing the way today.
Still feel that OGC, AQG and AGG could be better value than the Oz midcaps at this point.
I reckon 64's obvious enthusiasm for the metals and oil markets may be well founded.
Like PB and everybody else, I am wanting to keep an eye on the developing larger scale, higher quality base metals projects......have a position in ORN, seems to have some hangover slowing it down here. I like PEX, SGQ.....any others that people are tracking?
Uranium and lithium appear to be on the starter blocks. A matter of jumping on the appropriate horses when the gun is fired.
Re oil.....I am hoping that the recent well-supported ?opportunistic cap raises by ATS and CVN suggest that the expectations by the bigger end of town is looking for a rise in POO. If the raises are quickly digested would go some way to confirming a bull market. The XEJ looks healthy.
I also keep going back to SEA....oh why why why?! A good example of "it's never as good as the first time".
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