If you are a trader, daily gyrations will frustrate the heck out of you. Just look at the movements on the silver spots for the last couple of days...however, if you look at the overall trend: it is up. When the fundamentals are strong, days such as these just provide an opportunity to back up the truck.
Value investors will be cognisant of that fact. As i had said with many other plays, if the due diligence is strict and boxes tick, it will just be a matter of time. One has to embrace pullbacks and consolidations as they will provide the fuel for new moves to the upside. Stick to proven management, tightly held stock and viable, near term projects. We will always have the naysayers come in and work on people's emotions.
I had that on numerous occasions while investing in a zinc play and AUC. As the inevitable news and announcements get released, patient investors will be rewarded. It happened in that play, it will happen here, in my opinion.
If you are trading, i suggest taking a look at other plays and then start playing some musical chairs.
MKO Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held
