Think we had our retrace, and what bounce, without news or even much of a pon or XJO.
Thinking I was foolhardy shorting even a few on Monday, lucky I closed and got away with a credit and no a debit. Looked so strong yesterday in fact that I couldn't resist buying just a few more at 42, as decided at the weekend anything up to 50 was probably had pretty reasonable medium term risk reward metrics.
Still hoping we are getting monthly updates, and based on the last two thought today was likely. Not sure we are going to get much more help from the poc or from the general market, might even need to do some swimming against the tide, so was thinking (hoping) a monthly copper well above 5000 tonnes would go down well. Of course we could have had a poor month instead.
No more cheating on your favourate miner folks.
EL
PNA Price at posting:
43.1¢ Sentiment: LT Buy Disclosure: Held
