74 days ago
Round at Evil Banksta towers this morning, Liverpool’s greatest numbers man since Ken Dodd is allowing himself yet another smug grin on yet another brilliant call as Belluscura (BELL) serves up yet more bad news. This looks increasingly terminal. The whole episode makes me think of the Bangles and Mr Spock.
4142 days ago
Gold has declined slightly, from around $1,320 to $1,300, in the last few weeks. Rick Rule of the world’s leading resource investment group Sprott recently suggested that this was normal for a recovery in resource stocks. You expect gradual rises and subsequent consolidations. He has now explained the three big drivers for a recovery in the ‘junior’ resource stocks.
The market for junior resource stocks, as you can see from the performance of the TSX.V, the ASX, and the LSE AIM, marked a bottom around a year ago. They’re in a gradual recovery now, and I believe the uptrend will continue, albeit marked by the same volatility that we’ve seen in the market so far. We’ve experienced three advances and subsequent declines this calendar year – and that’s normal for the early stages of a resource recovery. These advances need to consolidate, which they have already done nicely.
There are three key drivers to this advancement.
