Friday, October 31, 2008

Trading Post (spooky Friday edition)

PCU and FCX continue with buying strength on volume. Yes I know they're both flat-to-negative right now, but they've both managed to shake off the drop in copper in much the same style as yesterday.

Minera Andes ( has impressed all week, climbing 40% from the very silly 50c values printed on Monday. Check previous posts for more talk on its San José silver/gold mine and Los Azules copper project...or better still visit the website.

Mercado Libre (MELI) up 3% today. This is starting to build momentum, and I can think of far worse ways to play the resilient retail market in Brazil. MELI is not the perfect company, but clearly undervalued here. I love the low running costs, I'm not fond of the previous hype it self-generated.

Baja Mining ( at $0.33 has fought back really well from its bad news earlier in the week. It's up a full 50% from the low point of just two days ago.

Two cheers for Dynasty Mining ( as well, up from very very silly one buck prices at the beginning of the week. The present $1.37 is still incredibly cheap when you bear in mind what they have by way of completed infrastructure and production forecasts, but they have that stodgy Ecuador gov't bureaucracy to fight against. An excellent stock for those with patience.