RE:Up 8.2% US close @ $1.72 USD on 439.7 K ?Odd trading today indeed. Copper & gold were flat and WRN was seeing fireworks.
Of course, when we see gold rip, WRN will yawn for a few days as if nothing is happening.
Personally, I hope WRN gets hammered one last time so I can pick up some more shares.
It is 13% over its 50 day moving average, so it will be coming back down. Keep some dry powder,
the general stock market is rolling over and the metals issuers always trade in sympathy with
the general markets.
Other than swapping out shares between a few juniors, I have basically put no new money into the
market this year. We are in the largest stock bubble the world has ever seen. Gold will be left standing
at the end of all this, like I've been saying all along, gold will be what brings home the bacon for WRN
when all is said and done. Copper got RIO's attention, but the gold is what can spur a bidding war
between majors.