It's not exactly throwing hats in the air, of course, but copper rallying 5% to $1.81/lb is at least in the right direction. Notable amongst the the base metals complex (all green) is Nickel, up 12.5% to $4.88.
As a result, FCX and PCU have both turned green on the day, with Freeport up a handy 4%. Other spots of BM green to have caught my eye include Amerigo (ARG.to) up 5.7% at $0.56 and Gold Hawk (CGK.v) up 20%, both of those on low volumes.
One that hasn't rallied is Vale (RIO), still slightly in the red despite being exposed to Nickel. Perhaps the general Brazil malaise (bovespa is off 3%) weighs heavier than company fundamentals right now.
Metanor (MTO.v) is down 10% this morning despite getting another dose of pumperooney treatment from Jay Taylor this weekend. Volumes at nothing, too. Losing your touch, Jay?
A sad one for me to see is Los Andes Copper (LA.v) down at just six cents a share. Multibillion pound copper deposits are worth precisely nothing these days it seems, even with evidence of further Chinese interest in the industrial metals sector showing up today. Go figure.
Petrobras (PBR) now at $20 a share. When I was whacking into this stock as being overpriced earlier in the year I had a hate mailer who'd send multiple crap per week to me, and every single mail included the name Ken Heebner. Strange how the mails stopped at the same time Heebner lost his auto-invite to CNBC, isn't it?
Crystallex (KRY) at $0.34. Thirty-four bottles of beer on the wall, 34 bottles of beer. Take one down and pass it around, 33 bottles of beer on the wall.......
By the way, I'm in cash and I'm staying that way today. Not even a little splash'n'dash to tempt me. Not even SLV. Preservation of capital is boring, I know. But it does have this nice side-effect of....well...of preserving one's capital.
UPDATE: Just minutes after publishing this note, RIO sprang to life and is now 1% up. Sheer coincidence, or does the investment community hang on every word said at IncakolaNews? YOU BE THE JUDGE!
As a result, FCX and PCU have both turned green on the day, with Freeport up a handy 4%. Other spots of BM green to have caught my eye include Amerigo (ARG.to) up 5.7% at $0.56 and Gold Hawk (CGK.v) up 20%, both of those on low volumes.
One that hasn't rallied is Vale (RIO), still slightly in the red despite being exposed to Nickel. Perhaps the general Brazil malaise (bovespa is off 3%) weighs heavier than company fundamentals right now.
Metanor (MTO.v) is down 10% this morning despite getting another dose of pumperooney treatment from Jay Taylor this weekend. Volumes at nothing, too. Losing your touch, Jay?
A sad one for me to see is Los Andes Copper (LA.v) down at just six cents a share. Multibillion pound copper deposits are worth precisely nothing these days it seems, even with evidence of further Chinese interest in the industrial metals sector showing up today. Go figure.
Petrobras (PBR) now at $20 a share. When I was whacking into this stock as being overpriced earlier in the year I had a hate mailer who'd send multiple crap per week to me, and every single mail included the name Ken Heebner. Strange how the mails stopped at the same time Heebner lost his auto-invite to CNBC, isn't it?
Crystallex (KRY) at $0.34. Thirty-four bottles of beer on the wall, 34 bottles of beer. Take one down and pass it around, 33 bottles of beer on the wall.......
By the way, I'm in cash and I'm staying that way today. Not even a little splash'n'dash to tempt me. Not even SLV. Preservation of capital is boring, I know. But it does have this nice side-effect of....well...of preserving one's capital.
UPDATE: Just minutes after publishing this note, RIO sprang to life and is now 1% up. Sheer coincidence, or does the investment community hang on every word said at IncakolaNews? YOU BE THE JUDGE!