YRI and NGD warrants -- exactly! Big cap and intermediate cap producers are where to be. Also I am beefed up on the GUR warrant as a stand-in for cameco, uuu, denison et al.
I am stretching my port to hold a primo exploration stock, Kodiak KXL, a baby Silver Wheaton I have great hopes for, Silverstone SST, and a few very well financed juniors that could hit pay dirt at any moment. I guess you could say, keeping a couple i am in love with.
I think we will see the usual summer drifting and lack of bids in most of the juniors.
In support of the notion that big gold stocks are priming for takeoverr, check out this chart-wise piece by Goldrunner, called to my attention by PreciousMetalsWarrants.com this weekend. I am extrating from the article regarding G.to GG Goldcorp below, since there is a warrant available.
gold-eagle.com
“Precious Stocks?”
Will they, or won’t they? That is the question everybody is getting a bit tired of asking about the fate of the Precious Metals Stocks. Well, it looks like it is “show time.” I have picked two charts to show at this critical juncture for Gold and the PM stocks. The first chart is Goldcorp. GG has great chart symmetry and regular “footprints” where the stock tends to correct with shallow retracements during momentum runs. In the chart, below, we can see similar chart structures in the chart of GG in the similar time-frames we have discussed in the Gold market. If the price action of GG resolves the same as it did in late 2005, it will make GG investors very happy. GG is a good stock to use as a surrogate for the investment climate of the large cap Golds. In the smaller circle on the chart we can see the potential similarity of a bottom to the 2005 bottom. If the price has bottomed, then we would expect GG to run to around $60 before potentially moving higher into the $80 area. Looks good so far, but we need to see this bottom hold this week." |
