No question its due to wider exposure - the house positions seem to indicate that - 15 of 23 brokerage firms were net buyers (led by Greenline, Golden Capital, Gundy, Canaccord, Nesbitt, First Marathon, CM Oliver, Midland, ScotiaMcleod, etc.). There was certainly no dramatic changes in house positions, which indicates to me that this run is sustainable and will likely go considerably higher over the short term (obviously, many factors will determine this - just my opinion, but the technicals look very difference than in October).
Russ Cranswick's article in the Jan 30th edition of Investor's Digest is just the start of broader coverage by both analysts and mining news writers!!!
DRT |
