The buying appears to be across the board with the seniors and for a change it is nice to see the juniors join the party this time. A hint to this activity was given on Friday when large money flows were suddenly observed moving into GDX calls. Hell, even the left for dead CDNX is up nearly 2% today.
Probably some of us have made more $ in the last 3 hours than we have made in this sector over the past 5 years. I guess after a decade of extreme metal and miner suppression, days like this were bound to occur for those who waited it out.
With the FED's emergency meeting today and the start of a historic earnings season, amongst dozens of other important events, it just might be time for a change.
Spring may have just arrived after a long and cold winter! Let's see how the follow-through shapes up.
All the best - VHF