Unfortunately no more cash to invest. Holding a nice number of shares in this baby here.
Basically the floor has been prepared for a massive re-rating here. POG is on the up - supported by different factors - I like the consolidation in POG after the hype some months ago. Dollar index broke 93 support - which fuels further POG - saisonal, physical demand for gold should pick-up as from November and will come back to normal levels in 2021 (India, China). On the other hand only something like 2% increase in global gold production can be expected.
Price of copper on the other hand is also appreciating for several reasons. From a purely technical point of view (check a long term chart) it needs only another few percents to the up to break some technical resistance. Demand should increase in the coming months. If Joe Bidens wins a massive infrastructure program can be expected. Electrification in the context of climate change etc. will support CU price - and as we know not many large deposits have been discovered in the last years.
So we have here really all ingredients for a very exciting journey - WHAT WE MISS obviously is the initial ignition to let this baby fly to the moon.
I really look forward to drilling results - that might come every day. Therefore I still do not understand that somebody can sell on these levels just make a few bucks. Makes no sense for me to go for the 10% and to riks to miss a move of 100%. I am convinced that a good or excellent drilling results will catapult this thing to 10c - for the beginning. DYOR
HMX Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held
