will certainly be a great day for resource stocks with the falling US dollar driving up commodity prices accross the board.
look for companies such as CBH/PEM with zinc/lead/silver exposure to move.
a good article on the fundamentals of uranium in the Australian this morning, highlights why the sector is so hot now.
with uranium production commencing in September, WCU is setup nicely to move higher over the coming months.
with the gold price set to test the magical $1000 level again, there is no doubt some of the spec's in the sector will benefit.
EXM looks very interesting with the company currently on an investor roadshow to drum up support for the development of their highgrade N.T deposit, momentum is clearly behind the stock, but caution needs to be taken as a capital raising is required to advance the project. Have taken a trading position in EXM but will exit fairly quickly to avoid any possible capital raising.
