Just a small fun ultrashort timeframe. This one will be done by the time I have my morning cup of coffee. US dollar weaker against the Aussie. Already past the buy, hope to catch a quick retracement then for it to pop back up to Target.
A risky trade given the amount of money printing. I think what we have here folks is a blow off unsupported top (double top), ridiculous valuations on many of these stocks, global instability. A Positive supportive Indicator is the recent move in Precious metals. Counter Indicator being the falling US dollar. Suggest a tightening stop than indicated on this...
I'm loving MUX, sure I know I know, it's a Junior. I like the story, I like Rob McEwen, he has been buying, has a huge stake in this and a good historical track record. A few red herring hiccups might discourage some. Fundamentals should see this stock double this year.
