So the XAO, XJO and XFL all finished -2.3% today. What did the precious metal miners do? Well, here's the ones I have an interest in: CCU +1.03% SVL +12.50% SLR +4.33% CGT +4.17% I think this is an interesting movement. From my limited recent experience, these small(ish) cap pm miners get hit every time the ASX goes down, mostly regardless of pm price movements. Not today. ASX goes down, PM prices went up, AND THE PM STOCKS FOLLOWED SUIT, and strongly. Nice.
Thanks for the post. I only hold CGT atm. My feelings are if you don't hold it you dont own it. Looking forward to some good bargins on the ASX soon. Any comments on any stocks to keep on the radar?
I recently sold out but couldnt resist the CGT opportunity.... Despite a looming dip, im not selling. Timing the other way could be perfect. First pour coming, faith in fiat going.
You may like to do a little research into (KBL) Kimberley Metals boneyard, they have just gone into production...... Duel feed Copper/Gold mine with silver credits. What I like about this coy is the Sorby hills Silver/Lead project in WA.......This is all shallow open cut high grade ore bodies, coming on line in 2012. I hold & buy on the dips....."Up 1.5 cents today Sweet" Good luck