Kevi I think you may be out of the marbles or money. The DOW leapt up 174.75 overnight, with:
- having now erased all Nasdaq 2009 losses - it being (subject to todays trade) the third up week in a row - the summit next week - increasingly positive international sentiment being described from many sources, self evident anyway from the rally - oil up to 54.01
In the short term, the path of least resistance is higher, and we may be part way though the leg to the 6 month high of 13.5.
I see from a yesterday morning post that you referred to it maybe reaching 8-9, so we are at the bottom of that, but you and my comments are based on its relation to others in the sector. There is still some way to go IMO before it reaches an appropriate relative position.
Regardless, if the other sectors stocks increase, this ought to to. Even if only in the short term. :_)
CXY Price at posting:
7.8¢ Sentiment: Buy Disclosure: Held
