Feeling Solid About the Juniors
This has been some kind of pin action on the junior mining and exploration shares over recent days!
I was able to repurchase one stock that I sold at $0.42 a few weeks ago at $0.22. Another that I was recently adding to at $1 dropped down mercifully for me to $0.70.
I'm not here to call a bottom, although the depth of this morning's drop in shares followed by a huge snap-back is certainly a bullish development on the short-term charts. Whether the juniors hold these levels or not in the coming days, I know these are values on top of incredible values. The micro-cap juniors remained ridiculously undervalued relative to bullion prices even at recent highs, so this massive dip is nothing but a gift for the precious metals investor.
I wish I could discuss individual trades, but Fools eager to get involved in these shares that I'm focused upon will find many of them contained within the holdings of a certain ETF that I've made a very bullish call on recently. :P SILver is tops!