![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/quotes_7a.gif)
While everyone else was busy buying the hell out of utterly worthless gold and silver properties like SBB, KGN and GUY, driving them up 50% from their bottoms, I was looking at copper thinking "yeah... you know, I'd rather buy a copper miner".
So I bought a particular copper play, which some analyst guy was looking at adding. Apparently some guys named Yerington like them. Now volume has surged and that's driving the price slowly up. That looks good to me.
Other than that... I'm not concerned with the gold and silver dive today. After all, it was only Bernanke. Right? It certainly blew a lot of the froth off the heavily overbought miners and purported explorecos; and yet, GDX is still sitting at its EMA(8) right now, and gold & silver are only back where they were a couple days ago.
Oh... and unfortunately I also bought DPM. Hey, their smelter problem is only temporary, right? You know, the one that they shut down cos the government got all snippy with them?
Meh. We'll see. Selloff in miners that I follow happened on low volume. I roll my eyes. This ain't nearly as nasty as March thru May was.
Have you come across a micro penny copper explorer Catalyst Copper (CCY.V)? If so why do you think so little interest? They are partnered with Teck and Frank Giustra has a 15% stake.
ReplyDeleteCCY's management just granted themselves 5M options.
ReplyDeleteA well-known rogue LatAm analyst heard about this and was later quoted as saying "...would you all do me a favour, allow me to sleep at night and avoid [this stock]?"