Well..gotta say it....this is fun. I might not be getting the big gains from trading the smallstock springers, but the SLV trade (up more than GLD today, that's cool) is working out just fine so far. Taking nothing for granted though. There is an embarrassment of riches in the 'ten percent gainers' today, and that's great to see. Here are a few:
PCU and FCX upping over 10% each. The world suddenly likes copper. So be it.
PCU and FCX upping over 10% each. The world suddenly likes copper. So be it.
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Fortuna Silver (FVI.v) up 12% at $0.54, and volumes (and the bid/ask) suggest there's more to come. Word reaches me that some retail newsletter dude called McCoach reco'd FVI.v to his flock. Sounds fine by me. Crude oil up 4% on the Saudi news (timed on election day....hooda thunkit) and PBR upping nicely to $29. Yes, it was me who said it was expensive at $40+, and yes it was me who said the recent $20 to $22 prices were value. Don't say I never do anything for yaz.
Kinross (KGC) (K.to) continues to fly and printing good volumes too. Up 50% from the recent lows now, and a very smart 17% today.
Cosan (CZZ) up 12% and has finally broken away from the $2 numbers. It wasn't so long ago that this thing was printing $12 to $15 prices, so there's plenty of reason to buy if you like the sugar/ethanol sectors going forward. There's a simple difference between ethanol in Brazil and ethanol in the USA; in Brazil it's profitable.
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Update: Yeah, go Fortuna go