After the breakout in precious metals this week,  everyone and their grandmother has come out and said that the $TSXV is going for a ride, I would like to do a little selfless promotion and say I told you so in this post on August 15th.
Now that we have some confirmation and a little more confidence in this turn around, I think we could be looking for the 1400 mark or a ~17% gain from today’s close at 1245.82, as the first target. This may take the next 3-5 months to play out but I am confident it will.
I am also certain that some names will do better than others and I have my own picks that I will most certinly share with everyone in the coming days as well as a cardinal rule to this volatile market.
….. Everyone loves a picture… note MACD crossing zero line and ADX turning up: Bullish!
Tags: #copper, #exploration, #gas, #mining, #oil, #silver, $CDNX, $TSXV, gold