The "Up" indicators are in a myriad of BLY posts, just read them. I would just be repeating myself if I can again mentions them in this post)
And I mean not just the TA indicators but the general feel of the market (again read all the BLY posts for the last 2 week).
My latest piece of confience is in todays AFR p17 it has a heading "Time For Miners to Shine"..amongst other things it says: * Its time for lagging markets sectors gto pick up, and mining is one of them. * Unlike Banks, mining sector rosiness has not been factored in the market yet. * Banking sector is up 40% since June 20, Mining is up only 15% etc etc.
To me if mining improves, BLY must benefit.
And lets wait for the dust to settle after Nov 5 (when shares come on market).
BLY Price at posting:
$2.90 Sentiment: Buy Disclosure: Held