RE:RCU is going to a DollarThe way I see it. Only the MACROS can hurt us now.
Meaning macroeconomics. The FED raising interest rates. Economic activity dropping whcih would be affected by the raising of rates. There's talk of the FED raising rates in Seprember but I don't think it will happen.
Things are too fragile now.
We need metal's prices to hold up. A stronger USD coukld hamper that.
What I learned back in 1997 and 1998 was that a GOOD deposit could overcome all the outside influences.
Even when NOBODY wanted mining stocks the SMART guys were still buying the GOOD ones.
And they made money in a horrific market.
I found a stock called Marwest about 19 years ago in the depths of mining despair. I made money on it. I figured if I could make money then, I could make money in ANY market
RCU isn't as tough to figure out as Marwest was. In this case there are people putting Millions of dollars into this stock. And those people are SMART.
I believe RCU will get to $1.00 Canadian and they won't have to reverse the stock to do it.