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Gold/Mining/Energy : Day trading in Canada

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To: kitkat who wrote (635)10/2/1998 4:03:00 PM
From: keith massey  Read Replies (4) of 4467
 
Hey kitkat

I would have to agree with your analysis. I have not seen any real money flowing into the small mining juniors yet. The VSE has not moved since this whole rally started a month ago and volume is still dropping. Although many of the non-producing cash rich and somewhat fundamentally sound mining juniors that I follow on the TSE are up 100-200% in the past month, most of them have risen on very small volume with small sized buys. This indicates that it is mostly retail buying and institution money is not flowing in yet. If you look at the market depth of most of the juniors in the past few days you will find that most have very large resistance and very little support. The resistance is single sellers which indicates that a lot of the institutions and big buyers are still getting out of the sector.

I'm still waiting a watching. In and out of PDG today - man I love that stock.

Best Regards
KEITH
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