Spot copper is hanging tough at 3.10 to 3.13, and I'm along for the ride.
(click to enlarge)Cosan (CZZ) has been murdered these last few days, even by Brazil stock standards. The combo of the downturn, its expansion program timed to imperfection and the bad sugar crop news from the South of Brazil has made mincemeat of this stock. It's down hard again today.
(click to enlarge)Fortuna Silver (FVI.v) now at $0.76. Uff, how i suffer in this stock (for this stock?). I repeat; this company has 50 cents of cash per share. I repeat; it is so cheap it's laughable. I repeat; FVI advertises here and I'm long and DYODD.
If FVI.v is the baby, Colossus Minerals (CSI.to) is the bathwater. This is what the stock has done since Patrick "adding value" Anderson joined the BoD (as mentioned here and here at the time).
(click to enlarge)I'm reminded of Radiohead: "Karma police arrest this man, he talks in maths he buzzes like a fridge, he's like a de-tuned radio."
UPDATE: Forgot to mention it again. The USD index is now at 80, and main man Gary at biiwii has consistently called the index as going to 80/81 as if drawn by a magnet. A direct cause-effect, gold now $759/oz. Tin foil hat heaven!
Thinking about it, copper's continued resistence at 3.10 really is quite impressive under the circumstances. Now $3.13, and still bouncing round that 3.10 to 3.13 range. I'm ever more convicned that Dr. Copper and the way he breaks will define the whole ball game from here....we wait....we watch.