Gold is down U$7.30 at $1,122/oz right now and well off its U$1,147 high this morning. Silver is down 33c at U$17.21/oz and the gold silver ratio has breached 65X. Despite all that, gold stocks are net positive on the day, with the HUI index up 0.7%. (XAU in positive territory, too). That's a pretty good performance, with larger gold plays like EGO, NEM and HL all doing well. Hardly the stuff that panics are made of and clear signals that it was gold the metal that got ahead of itself, not the companies that drag the stuff out the ground.B2Gold (BTO.to) up 2.3% at $1.33. Haywood joined the party this morning with a $1.75 target and a buy reco on BTO. Better late than never, boyz. Once again, strong volumes with 14m shares doing the rounds.
Vena Resources (VEM.to) up 6.3% at $0.34 on this lunchtime's news. Add 161k shares traded in Lima to the 87.5K traded in Toronto.
Fortuna Silver (FVI.v) up 4.3% at $1.93. FVI had a plug awful day yesterday but there's a bit more sanity in the air today and the stock has rebounded some of the lost pennies.
Chariot Resources (CHD.to) down 1.6% at $0.315. CHD got pumped (yet again) by the can of corn this morning on the back of yesterdy's PR. So be it. RayJames' Meyer says "underperform" though. Between The Zed and Meyer, I know which one I listen to more.
Ventana Gold (VEN.to) down 2% at $9.21, She popped early, she dropped later. It's beginning to look like a bad habit. I'm surprised the retail market hasn't cottoned on to the real problem with Los Gelvez yet. There will be more information about risk for this stock in IKN33, out next Sunday.
Colossus Minerals (CSI.to) down 0.8% at $5.06. Talking of vastly underestimated political risk, i wonder how those who took parts of the recent $5.75 bot deal in this pumphouse special are feeling right now? Nicholas CampbellSoup over at the can of corn said its latest drill results were "unbelieveable" about 24 hours before that bot deal (led by the can of corn, of all places) was announced. It was like saying , "Britney has taken illegal drugs? Unbelieveable!".