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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (4894)	2/5/2014 7:22:44 PM
From: Goose94	Read Replies (1) of 202924

The resource sector is heating up with merger and acquisition activity as I predicted only a few weeks ago in this recent article. When the herd was ignoring our sector I positioned my readers ahead of the curve and called it a rare holiday bargain sale. Now only a few weeks later the resource sector is leading the market as evidenced by the outperformance of the TSX Venture Index over the Dow Jones Industrial Average and rise above its 200 day moving average. A huge influx of money has been rotating from the overvalued blue chips, social media, bank and real estate sectors into the junior mining resource stocks. This chart below shows that the Venture Dow Ratio is breaking out above the 200 day for the first time in three years. Look for a bullish golden crossover of the 10 and 40 week moving average for a confirmation of the bottom. Goldcorp (G-T) is launching a hostile takeover for Osisko Mining (OSK-T) for $2.6 billion. Goldcorp is going after Malartic low grade-bulk tonnage Malartic Gold Mine. If Goldcorp is buying a low grade, high production asset then they probably think gold prices are headed significantly higher unlike the pundits on the TV.

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