Here is my metal list, I began buying on the cheap about 6 weeks ago. I alluded to my hunch then that the metals were getting some small buy pressure, but none of these met our Rat buy criteria at that time. In other words, t/a on them was as bad as you can get, so I threw some money at some extremely oversold stocks. Obviously posting them at that time would have had no point, no one would have taken the risk. And they are still risky. How about that platinum move yesterday? Huge. You know, for the past few months, palladium traded much higher than platinum, but the move in platinum is because the Russians can't ship, for whatever reason. Supply & demand.
My A list>
GSR SSC HL DROOY KGC CBJ VENGF -I have had some VGZ for about a year.
My super spec el turdo B list> MAENF (which has $1 in cash, trades for 1/2 that) and no, I can't explain that, it also has huge holdings in Latin America and Cuba. And CUSIF-Cusac also has interests in some i-net ventures in Canada..
I have no price targets for any of these 10. If the pog continues to go up, at some point these stocks will start gaining value at an exponential rate. If the pog retreats, they are dead money. So no buy recs here at all, just blind speculation.
(pog=price of gold) silver in the case of SSC & HL
It is interesting that Placer Dome, PDG, covered all its hedges in the futures market. In other words, this caused the short covering rally. Now it needs to stick. |
