IKN

a plague o both your houses

Trading Post (platinum edition)

An ounce of gold is now selling for more than an ounce of platinum. I don’t have a clue what that means, but it’s pretty cool to see after watching platinum double over gold this year. Meanwhile, over in the fun fantasyland we call ‘the junior miners’……….

Gold Reserve (GRZ) up 30% at $0.39 on good volumes. The rumour going round on this side of the Darien Gap is that Rusoro is making another offer for GRZ. I honestly don’t know if that’s true, false or salad (comme on dit en france), but I do know that 1) it would be the most obvious rumour to spread around if you wanted GRZ higher, 2) it may be true, 3) if I had a dollar for every rumour I heard about stocks down here, esp. gold junior miners, I’d be sipping piña coladas at an expensive resort right now and not writing this blogpost.

Dynasty Metals (DMM.to) up again and at $1.55. The bid is higher than the last trade, too. If you think I’m pounding on the table about this stock, you’re right. I am. Live with it. Or better buy yourself a few and then live with it as it soars to $3. DYODD.

Troy Resources (TRY.to) up 7% at $0.73. I had a very pleasant e-mail exchange yesterday with Claude Cormier of Ormetal Inc. It’s always good to speak with the smart investors and commentators in the gold sector. Cormier is an investor/analyst who knows about gold, not a tinfoilhat goldbug….and there’s a BIG difference. Anyway, Cormier likes TRY.to bigtime and that’s a pretty good reco in itself. I’m going to have a close look at it in the next couple of days, so expect a post (there…I’ve said it now….no turning back)

Candente (DNT.to) down 15% at $0.165. The market didn’t like its dose of reality much this morning, it seems. However Otto sez to keep this thing on your radar. If copper moves up in a meaningful way it has a future, and there’s no doubt it’s dirt cheap right now.

Farallon (FAN.to) up 30% at $0.17. There certainly seems to be bottom fishers biting these beaten down plays over the last few days. FAN.to getting its turn at the head of the queue today. The trick is identifying the next one, not the last one. Any ideas from out there?

Leave a Reply

Your email address will not be published.

Hello, you are not in a chatroom, you are in my living room. Opposing views and criticisms welcome, insults or urinating on furniture unwelcome. Please refrain from swearing if possible, it is not needed.