TSX Venture Exchange and Gold
The Venture gave up some ground to begin the week but support held just above the EMA(20) with the Index bouncing back Thursday and Friday to close the week down just slightly at 669.
Are there cracks starting to appear (“Sell In May & Go Away“), or can the Venture’s amazing run from its late January low of 466 continue? Find out in today’s Week In Review And A Look Ahead.
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“Fear chased them away – greed will draw them back in.” I love that line!
Comment by Sameer — May 7, 2016 @ 4:52 pm
And how true that’s going to be, Sameer…first-movers in this market over the last few months will reap the kind of benefits that first-movers enjoyed at the end of 2008 and early 2009…there is a delayed reaction by most investors to the start of either a bull market or a bear market, and it is greed that ultimately draws them back to a bull market…watch that greed factor really come into play over the summer and fall…
Comment by Jon - BMR — May 8, 2016 @ 2:25 am
Can’t wait!
Comment by Sameer — May 8, 2016 @ 5:40 am
Keep an eye on MMS this week.A lot of accumulation and the RSI is hitting the power zone.All on no news yet.Beginning the 2nd leg,with a cup’n’handle formation.
Comment by robinandthe7hoods — May 8, 2016 @ 8:37 am
Good call, robinandthe7hoods; we’ve been watching this one closely in recent days. Lithium in Australia. We will touch on this one later today in Sunday Sizzler.
Comment by Jon - BMR — May 8, 2016 @ 8:58 am