7 Reasons TDC is moving up, other than the interview
posted on
Feb 29, 2008 04:22AM
I don't believe this is simply buying in front on the interview.
1. Typically TDC has followed the TSV, which has been on a little run throughout the month of February, while TDC has lagged, thus it's due to catch up.
2. There has undoubtedly been selling pressure from Frank Barbera's followers who open his newsletter to see that his portfolio now includes 0% Gold stocks. In fact, FB is out of the market other than 10% physical gold. Since Frank has been suggesting this gold has risen about 10%, while gold stocks are catching fire. I suspect that many of Frank's followers are starting to stray from his guidance for feer of missing the big party like they did last summer when Frank called for a similar selloff in gold just before it took at 15% hike, which has since turned into something like 50%.
3. The chart has shown a clear bottoming an obvious sign to get back in the water to many investors--and they are.
4. Drilling has resumed on big sky with 3 drills digging into what could possibly be the biggest find in Canada in years. With several holes pending from the lab at any tme investors who took flight are rightly returning
5. Concerns over IMF sales have been muted as the IMF has stated they will sell the gold within EU bank guidelines and do so in a way that will cause little disruption to market activity.
6. Warrant selling may finally be exasting itself, or perhaps the warrants are being cashed in but held as investors realize the stock and sector are on the rise.
7 Funds, desperately looking for a bull market are starting to pile into commodities. With the producers and ETFs having made significant gains lately it is logical that they're now testing the juniors which are widely undervalued. With bonds yielding next to nothing Fund managers can only stay "safe" for brief times. They have millions in bonuses on the line here.