Monday, June 15, 2009

Trading Post (better red than dead edition)


Ahhh, where to start? So much to choose from, so little time (20 mins b4 the bell).


ECU Silver (ECU.to) down 8.6% at $0.64, and my mind floats back to the mail I got about the dog-with-fleas' "strength" when it stood at 89c...when was that?
Ten days ago is when. My how time flies!

Dynasty (DMM.to) down 4.6% at $3.56 and I added some today. This little chunk is for a short-term trade and won't be mixed with the longer-term position. DYODD, dude.

Fronteer (FRG) (FRG.to) down 10.1% at U$3.38 and being whacked by the selloff more than most. That's ok...a bit lower and I'll buy back the bit I sold. Quality junior.

Southern Copper (PCU) down 6.1% at U$22.78, following copper like a faithful mutt. FCX down 5.2% at U$55.33 and the same story.

Buenaventura (BVN) down 5.3% at U$25.73. The BVN mine at Orcopampa has been blocked by protestors this morning, but the drop is all about the broader market and not about the blockade. Orcopampa is a big silver mine but when it comes to revenues the only thing that really matters in BVNworld is Yanacocha up at the other end of Peru.