wgi.to - had a little bid in, but late, no catch
cme.v - out all shares, to bid on another, no fill there yet
fn.to - Newmont to re-float Franco, ah the great cycle of Life
gqc.v - is that break-out, or do we need another dime ... nope, laying this envelope along the daily and weekly, both show that this white candle sticks out ... and doesn't the weekly look like an inverse head 'n shoulders developing, with right shoulder being wed/thurs last week ... news will be sold, for sure, but quite possibly from much higher levels
ktn.v - added a few ... just habit, do that every few days
Political risk - julian nailed it, perception IS the market reality, the fundamental ... it doesn't matter that ecuadorianos have shrunken no heads of canuck miners for weeks now, the perception is that they might, since obviously they think about it all the time ... the perception will change, i think probably improve, but it wouldn't take much to set it back either
Good point from Malyshek also - to produce gold in a country whose fiat is deteriorating gives you the wind at your back, instead of bucking it ... and in this respect, i don't expect usd to fall much if any against the peso, with Cantarell going dry, so you can wrap México into the currency-positive area ... not Canuckistan for a while, the loonie is already overshooting but looks like it will continue for a while, currency moves start with fundamentals but then carry it to extremes, from which they turn around and go nuts the other way - one of these days i'm going short the loonie and long usd to the max, thinking now it might be a week or two in advance of the inauguration of Colbert |
