well that is a good start to my gold mining portfolio up 11% in 10 days.
Lots of quarterlies due out next months and many will be very good........ lots of mining stocks that are still heavily shorted so I expect further short covering and other buying ahead of good quarterlies.
And most gains nearly wiped in a day(unless you're doing short trading & why not). Volatility rules most Goldies down 4 to 8%+ today.
Actually I thought quite a few of the goldies held well considering the big move in gold.
I picked up some Newcrest today on the dip.
Re PXG, JB so that's effectively the Chinese buying in right as the Chinese took out Norton a few years back.
Yes I could see it happening right back when Norton first signed up the deal over processing PXG ore on a 50/50 deal ..not hard to work out the Chinese owned Norton wanted to grow it's resource base after taking out the likes of KMC .. PXG 3.8moz and growing right next door and being valued at round $8 oz Norton be stupid not to be buying in at these levels ..
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
Finally RMS getting some attention ... Not long to next qtr report should make a good few million in
Profit
PXG -10c about time now give us the right ann and we can start to move
In .5c movements .... Mid teens before the fin year is over would be good..
Only Neg us I haven,t sold the house yet to load up more of these well oversold shares
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
Yep good day for goldies. I'm not sure dollar gold will hold up with the Euro under pressure. As such sold out of my BDRs today for a nice profit & have shorted NCM, however could be stopped out pretty quickly on that one if I'm wrong on gold.
Hopefully you find my posts helpful, but in no way should they be construed as advice. Make your own decision.
No way I'd be shorting gold at the moment ..I don't believe we our going see any more major downwards pressure in 2015 like we seen last few years if anything spikes higher during the year as the investors look for save havens for their market profits than will see pressure
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
Originally Posted by snapiti
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