The US markets actually dipped below the market correction 10% figure prior to the rally back up this morning. This was a key technical factor.
I understand why the markets in general are wanting to take money off the table, it's not their money! With governments closing down the free money tap things will change. However, metals have not enjoyed the madness of tech, biotech etc over the past year or two. Exploration and mining costs have risen, green economy metals are now seeing seriously higher demand and at the end of the day, metals are not an inexhaustible item. There is finite supply and prices will rise if demand rises. Even the metal commodities pricing has held up ( or in some cases risen) during the past week. Hence, I think you will find that a good explorer who finds that next deposit will still do better than most in this economic environment.
While there has been negativity in here over access issues etc, the macro has also contributed to the Inca share price fall.
I imagine that if Inca get the access agreements finalised and announce firm plans for the upcoming campaign that the share price will respond.A wet week ahead, Avon Downs is expecting rain every day for the next week, ranging form a few mm to 30mm and probably averaging close to 20mm per day. It is the time of year when the station owners desperately need the rain to do its regular cycle. It usually starts getting drier in march but sometimes the rain can run into April.
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