XSO 0.75% 3,139.9 s&p/asx small ordinaries

Hi Paddingtonit is good to have you back!yes gold needs to get...

  1. cha
    5,333 Posts.
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    Hi Paddington
    it is good to have you back!
    yes gold needs to get through horizontal at 1350 to see more headway. it may happen

    but copper is answering the point itself today with real supply demand growth for copper and zooming today from 2.6 to 2.9 with 3.2 target. if i was a copper trader there is billions upon billions being spent on copper here and they should take it to that 3.2 level in the near future

    and then if you look at bhp giant down to hch spec today well hch is now up from 1c to 3c. is it a spike yes 
    hch rans to 4c last year and that is where it needs to get through so a lot of gains just here already. the run is often over before it starts

    so easy gains on gold baked in with chance of profit taking in play just here
    copper easy gains underway

    then can look at zinc tin nickel and it is a fertile ground for gains
    even vms seeing buyers here

    mcr is quality but seems to be sorting out its own internals. happy to be patient. rvr has started this week

    and the laggards are well laggards for a reason. i called slr when it ran to 70c and not a lot of support for me either but it worked. problem for slr here is that has issued so many shares if i do the sums on it then 80c value is close to it for slr. may get overbought and may rerate if gold rerates but i called rms on this run before xmas and i still prefer rms plus the others called here over last few months

    mml still proving up its fa so is rsg but ones for the patient then should move during the year

    but yes gor is good provided its production issues under control and lets face it I have always found it a struggle as production gets underway no matter how much resource and how well run
    but if anyone can do it then it is gor and its team from here
    no it is the ones from 2 years ago moving here for me rrl from $1 to $5 plus
    sto etc etc and i am not game to sell them and would not rebuy them just here anyway
    so in a dither and i am tired of the trys of the world. Try is possibly going to double here but my goodness what a wait. had its cap raise so will stay patient and then sell the bugger like everyone else will
    but yes i say copper is the one bringing profits today
    we will know over next few weeks if gold makes it on this run or have to wait another 9 months or so




 
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