They teach you how to kill
But they don't teach you how to wait
(The Longest Day)
Argentina's Merval index up 5.2% at 1,224. The Cabrera effect perhaps? Very unlikely, as the whole upmove is on the back of Tenaris and Petrobras and only in Argentina could two non-Argentine stocks take 60% of index weighting between them.
Vena Resources (VEM.to) up 16% at $0.29 (though ask now 28c) and once again doing more volume in Lima and Frankfurt than in Toronto. VEM.to has bounced around the 25c/28c mark these last few sessions but I'm looking you in the eye and tellin' yas "there's more to come". DYODD.
Tanzanian Royalty (TRE) (TNX.to) down 15% at U$3.44. I had to laugh while reading The Mole scrambling to defend himself against Barron's over the weekend. Strange how he only filed his 17k stock sale at C$5.60 after Barron's published its hit piece. The only thing Barron's got wrong in their note was to say Sinclair actually calls gold well. He's a stopped clock, period.
Southern Copper (PCU) up 6% at $21. Nice move. If you trade it, take profits.