SS Seem's that the old Nov close's on many PM stocks is becomeing temporary resistance. GDX has appreciated 0.249%
on this drive and looks like it wants a little rest. The PM's haven't disconnected completely as I had thought.
Today's top silver performers were CDE, SSRI, and PAAS. I currently hold each of them. But we can assume that tomorrow's leaders may be different companies. Hopefully, SLW will be one of them. I'm still looking for much higher prices in the days ahead. When we look at the broad market, clearly gold and silver stocks were the place to be today. SS
I've got a number of juniors (gold) that are just kinda sitting there, but that's fine. To me this just indicates that the general market still doesn't get it. People are very slow to wake up to the fact that we're in an incredibly inflationary environment and that gold and commodities are in a major, long-term bull market. When that crowd comes in (and I still think we're a ways from that), then this entire sector blasts off to Mars.
In the meantime, accumulate, accumulate, accumulate.
Seniors and high profile juniors do move before the others.
When Joe Sixpack and his lovely wife Mary Chablis find out about PMs they will go for the seniors first--if not the mutual funds before them. However, I think we have a ways to go before Joe and Mary arrive.
Not sure which stocks you are looking at...but Fronteer and Yamana and Goldcorp and Barrick are all exploding to the upside...my biggest laggers right now are SLW and SST.V - silver stocks....SLW should be up well over a dollar right now, I'm still waiting for it...I've managed to accumulate many many shares of Silver Wheaton recently, so I'm totally long the stock...but waiting for it to show some strength in the face of the RBC stupidity (which it has yet to do).
Stocks surge in the morning only to loose gains all day long while gold remains strong. The next day, gold pulls back a little and the stocks get crushed. At the end of the week, the stocks lag the gold price by a large margin.