market recovering..aex hanging on, page-4

Hi Folks

Agree Fang.

Drilling is the key to a re rating. and we wont have long to wait.relatively speaking.
I can understand a correction on commodities as the rally has been strong...especially copper.

However AEX is primarily a uranium play with gold as the attractive side kick...and 'poor old gold' is 'only' trading at.... yawn a'lazy'..$650.

$650 an ounce folks...'thats all' Thats $200 more an ounce than at the time when AEX picked up Denny Dalton.

And what of uranium? Going down is it? I think not.

The 'fundamentals' are still intact. The 'psychology' isnt.

The market is spooked.

Contrarians will see these phases as opportunities. Many traders will close out positions either moving onto better options or waiting for more clarity.

I think the last couple of days we have seen a few more get shaken out of the trees.

The prize that awaits is the drilling campaign.

And lets see what Trevor Gillard has in store for us shortly eh?

Should be another interesting week.....