Most are looking at last year - eyes frontLast year FM pulled back into the 3rd week of Aug. And then further into Sept. SO DID the DOW. Do you see the Dow falling or moving into new highs? Do you see TCK.B falling back to its 50 day? So why would an undervalued stock fall when an overvalued one doesn't?
The Dow has a resistance at 18717-18727.
Unless the Dow takes a tumble to 18100-18200(which it could) FM is a buy for me. Still way under valued. The way I look at it, if ABX can claim 30.00 a share with gold at 1350, what is wrong with FM is be at 17-20 with copper 2.00-2.50?
Once again, FM is a buy on weakness. Tck.b and ABX isn't. IMHO