Monday, January 30, 2017

What is going on?

I see last week I see most of the base metal miners (to include Cameco) all trading at or close to new 52-week highs.

Some of the names – Capstone Mining, First Quantum, Hudbay Minerals, Lundin Mining and Teck Resources. We know there is no exchange traded fund for this small group and we know the TSX has dropped the Mines & Metals Index – so we need a clone or proxy to participate

I note that when I was on BNN Market Call Last June with MDI at $7.01 a said – “This is basically the canary in the mineshaft for the mining space. The miners have done really well, so this is the major way to play the recovery and resurgence of interest in the mining sector.”

Since then – not one quest has mentioned the name