RE: Back to business / chuck8Chuck,
Even with the higher gold and silver prices, sentiment still is quite tame across the whole sector. There are quantitative measures one can use to see this. For example, the web traffic that goes to Kitco.com or gold sites. Check this out:
tinyurl . com/23g7dw
Amazing, huh? That graphic shows you that when told did it's fast move to $730+ in 2006 and crashed, a whole heck of a lot more people were watching and getting into the excitement of that move. If you think back (and you were in the Jr. mining stocks at the time), the stocks responded pretty well back then too.
We've gone through a long consolidation and a period of central banks and bullion banks managing both gold and even gold stocks, keeping a lid on up moves and kicking falling moves in the butt to "take out stops" on the way down. It's been brutal. Mining companies have started to report losses because energy and other costs have been rising so much faster than what would be normal bullion prices that should be higher than today.
We are still in a funk. Most people are not paying attention to gold, regardless of all the crowing people in the media attempt to convey. The kitco web traffic numbers above don't lie. They're objective. They show that for the most part, people are totally unaware of the current gold and silver run. THIS IS PROFOUNDLY BULLISH and it's one of the reasons why we moved from $700 to $800 with only trivial corrections (combined with real-world problems and more and more physical buyers of "means" buying, regardless of the fact that the masses are totally asleep).
Most speculators and investors are not looking at Jr. gold and silver stocks. Add on some remaining tax loss selling and you can see the pressure on the shares jive with what seems like a contradiction with the current price.
I will say here and now that by the end of Feb., 2008 Exmin will be over CAD$0.90 per share (and maybe even KD will have his options case "resolved" then too
