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Message: Re: Looks like it might be a green day again

I should of clarified the green part. I had the feeling the overall market was looking green especially the metal shares, juniors in particular. With SFMI it's likely a slow rebuild of the sp as major technical damage was done last week. Good news would change that. It's also likely a decent portion of the cheap shares last week will also be flipped from those that chose to trade, so a few decent volume days would help.

I think alot of the oversold condition was also due to the very negative sentiment that day sector wide. About 95% of the juniors I track also had a semi capitilation bottom that day and have rebounded about the same % as SFMI. Food for thought anyways.

Gold/silver certainly well bid today and all the egg on the face analysts who were predicting the bottom falling out are back to cheering again. Such is life!

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