posted on
May 04, 2014 08:21AM
Agree there are some real breakout potentials in the resource sector especially the juniors.I have some prg as a pure spec play.Using the grandich gone so touting done now moving on real investor sentiment.Still like the tv for potential zinc supply crunch.Always love smf when it's gold rally time.Still I'm not feeling it in my gut so to speak.Seasonally we are headed into the dreaded sell in May time at a time that I really think the US markets are way too high in relation to where the economy is really at.I don't trust the govt data coming out.Recovery is stagnant and China has issues too so globally things are not great.All points to a sell off (potentially massive) which will mean the resource stocks would be sucked down too.I have my nibbles here and there but am really thinking pullback or correction at least this summer and maybe the resource rally begins in earnest in September or the 4th quarter.........but what do I really know.My judgement is clouded by fundamentals.