Sufiy.: Gold And Silver mining shares Buy Signal

Monday, November 26, 2007

Gold And Silver mining shares Buy Signal

Previous Major Top in HUI and XAU was market by Top in traffic to kitco.com web site. Recent Major bottom in August is market by Recent Bottom in traffic figure. Now interest is rising again. For any market to go up in its valuation you need new buyers, new money coming in. Interest and following the Gold Story is a first sign that the Crowd is coming back.

6 comments:

Anonymous said...: Hi, what is your opinion about the price action LMC is exhibiting?; 1:07 PM
Anonymous said...: SUFIY,
WHAT IS GOING ON WITH AVION SILVER? CLOSE TO ITS 52 WEEK LOW?; 6:38 AM
Sufiy said...: Regarding Lundin Mining:

I have added to my position at 10.00CAD 9.5CAD. Accumulated some calls June 10 2008.

My take is:

FED and US Gov are reinflating, rates will go down. USA is already in recession adjusted for real inflation. BRICS growth will continue. Now major drive for commodities is outside USA. Positive catalyst: CAD rate cut, FED rate cut, turn around in metals prices, new mine in play, situation in DRC resolved (with recent slump in metal prices Kabila will not play with his last credibility. Company will be eventually bought out in my opinion.

Best luck,

Sufiy.; 8:18 AM
Anonymous said...: SUFIY,
WHAT IS GOING ON WITH AVION SILVER? CLOSE TO ITS 52 WEEK LOW?; 4:05 PM
Anonymous said...: SUFIY,
WHAT IS GOING ON WITH AVIno SILVER? CLOSE TO ITS 52 WEEK LOW?; 4:06 PM
Sufiy said...: Regarding AVINO Silver ASM.v I am still holding the position, this is the long shot: I am dissapointed with their progress, looks like they need new blood to get the full potential. Now at this level only their infrastructure cost more then market cap: all resources are "free". Problem here is that they never reported new resource estimations: results are good, grade is OK, but we need resources and final push out in this company. General for Silver December will be ignated month in new Leg up according to my charts.

Regards,

Sufiy.; 5:12 AM

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