This from the Taylor weekend edition....thought you might find of interest......
I noticed nice divergence between gold and gold stock today. As the market was tanking, gold was tanking, gold stocks were doing very well. This gave me more confident in gold stocks. I bought more
Alexco Resource Corporation (AXU) today using the weakness. I talked to the company again, the 3.5 CAD appears to be a firm commitment from the banks.
Buy AXU now you are buying a stock at discount to the major funds are buying. AXU was listed as the top pick on BNN last week by John Embry from Sprott last week:
http://watch.bnn.ca/market-call/january-2010/market-call-january-12-2010/#clip254512
Again, I initially bought AXU at 1.39, so I am sitting on a lot of gains. But I am willing to buy more at the current price.
Regards, Chen
