Final shakeout or double-dip recession?
Hold on to your hat for the dive. More than 50% of junior mining stocks are plunging below 5 cents with some at 1 cent. Hope it is the final shake out before the meteroric rise in the second half of 2012. Just to name a few:
ARU, ASW, ATK, AZM, GBC, BKT, CBS, CMD, CUI, DTI, DRV, DTA, EDG, FDC, FNI, GVX, H, HAO, HVG ......
Most have insignificant resources. A falling river lowers all boats, there is nothing we can do but wait and watch.
https://www.cbc.ca/news/business/story/2012/06/21/markets-thursday.html
With the European Union debt crisis potentially spill over to Canada and U.S. and around the world,TSX Index could crash below 11,000, the Neckline of the 4-year Head&Shoulder pattern
https://stockcharts.com/h-sc/ui?s=$TSX&p=W&yr=2&mn=10&dy=0&id=p28428059153
Junior mining index (black line) may has to hit -60%, completing the 4-year Double Bottom pattern before ihe worst is over.
https://www.mcewencapital.com/