Re gold juniors list. Have reviewed my watch list/holds today.... to keep some clarity as to what needs to go first in a stampede for the exits, and what I believe will rise to the top in an ongoing bull market.
Overall, some heat has come out of the stocks, there is room for the current run to continue but the current level of the bullish percentile index for gold at 85% has me vigilant.
FWIW.... if anyone interested
Not advice
AAR/AUC/AZY...the buyers have arrived, couple of nice pops off the bottom
BGD...successful re-test of recent breakout
CEL... maybe some sovereign concerns here given Argentina's rampant inflation issues, but new government apparently favourable and management recently got into bed with cashed up local mover and shaker. Will test again soon
FFM....pretty confident here, combination of experienced management and great projects appear to be delivering. SP in consolidation phase after run up. Tailwinds of both Cu price and POG
GML....continues to drift, watching closely for the rabbit to appear
GSN.....well located tenements, advanced green fields, quality partner in Goldfields
MKG....gold plus manganese....glacial pace of progression, chronic underperformance, dragon fly doji revisiting the bottom, looks attractive because it looks so shit
NXM...over-size spurt of interest recently makes you wonder is something going on in the background..watch
MM8.....has something of value in the ground to neighbours at Ravensthorpe, but appears dead in the water..dragonfly doji? today
PDI....whats going on here?, huge resource...sp suppression, this is being set up for takeover
PGO....f. me....this is my most frustrating hold, sat at my buy in price for months......buy:sell ratio fwiw suggests underlying interest. My feeling, it will bolt at some point
PNR...very nice turnaround story, ?diamond consolidation going on currently, lightened into the run but holding the majority
S2R...pedigree management and ground...no guarantee it seems, very poor performance, but party may not have started yet
SMI....this is a real project coming to fruition, great run, pulled back on CR
STK....I can see this doing repeat of project sale to NST, but on a larger scale...currently resetting after a great run. Had lightened, but maybe time to go again
STN.....solid performer so far in this run, much like its meat and potatoes project...no surprises...sleep at night
TCG....what a ripper, 300% so far, lightened but expect more, solid management, advanced project plus green fields
(20min delay)