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Message: Re: ya gotta wear shades!
1
Apr 17, 2008 11:30AM
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vdf
Apr 18, 2008 05:38AM
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Sas
Apr 21, 2008 06:04AM
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vdf
Apr 22, 2008 07:11AM
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Apr 23, 2008 06:54AM
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Apr 24, 2008 07:27AM

Hey vdf, a belated cheers to you! Did you decide to pull the trigger? I'm sure you now know where i stand in regards to the new Bell Copper. Long term i'm siding with the savvy experts like Frank Holmes but his $6 - 8 price tag is a long ways off from the recent hit we just took. I think your support at $3.50 is a good conservative number and lets see if this important support level at 3.80ish holds firstly. If it breaks down further it could very well slide down to your 3.50 support range and possibly down to stronger support on the charts at 3.30. Technically, that big candle doesn't look so hot but i'm just a novice chart reader, so i'll reserve judgement for the experienced TA players in here. At least it scraped its way back on Friday.

I really can't forsee a big move down with so many supply/demand variables at work supporting higher copper prices dead ahead, now we have these Codelco labor unrests which is putting a big time squeeze on the supply side - bodes well for higher copper prices.

As far as Bell goes, they've got solid management with a highly regarded GEO technical team along with exceptional properties in mining friendly countries in the world, some dang fine ingredients wouldn't you say? They just need to get the show on the road post merger, there's a bit of reading on their websites if you haven't done so already...

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