Tailwind
posted on
Nov 26, 2012 01:24PM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
Yes, of course, a fair financing arrangement plus permitting progress would help the stock price. But as I indicated in previous posts a price breakout in producing major miners - say HUI for example - would provide a MAJOR tailwind for all microcap miners. The entire microcap sector is frozen because absolutely no new investors are searching down the gold stock food chain because money is actually fleeing the entire gold stock space as indicated by Rydex fund numbers. Just look at TDC today - its sp will never rise on ZERO volume. There is simply no market at present.
When will the trigger occur? IMHO the number 638.59 is the answer. That is HUI's all-time high. When that breaks big money - institutional money - will be sucked into the gold stock sector. That inevitably leads to more aggressive investors in the group searching for more leveraged bets in the sector, i.e., the microcaps. Small developers with verified deposits and economics will be snapped up. Volume will expode and take price with it.
I now believe 638.59 will fall sometime between March and July 2013. Let's hope TDC stays a separate entity until then. The inrush - and resultant sp explosion - would facilitate financing in a big way. DYODD.
Strike