ASX is going to be a red day today. There should be a little consolidation on early PVM trade to remove stale sellers who want to realise the gains. ASX PVM CDIs should track TSX (High 1.30 Low 0.99 Close 1.21) rather than the other way around due to PVM being domiciled in Canada. This is great news as the market in TSX should be larger. Professional investors and Instos will buy on dips and weakness. Hold your PVM shares tightly to ride the trend. Rerating of stock takes time to unfold. Rapid rise in PVM share price to not occur like last friday but a slow but accelerative increase a daily basis.
DYOR and IMO.
pmi gold rushed last night!!, page-9
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