We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Ride the Tiger with CD

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Gib Bogle who wrote (291515)10/18/2021 5:17:56 PM
From: LoneClone1 Recommendation

Recommended By

  Read Replies (1) of 295454
The $C is in many ways a petrobuck; there is a high correlation between the oil price and the loonie. They rarely move in opposite directions for more than a short period.

I find it interesting how strong the correlation is, considering what a small proportion of the Canadian economy involves hydrocarbon extraction, a declining slice at that.

Buying op: for some reason KDK was down 13% today in spite of the release of strong drill results. It strikes me that the market does not realize that the operating mines in the area run on about 0.25% CuEq, meaning the results in today's PR, 0.45-0.75% over long intercepts, are actually very strong.

For those who don't know, KDK is searching for large copper-gold porphyries in southern BC. They are currently drilling up a large deposit called Gate they discovered last year, and are about to start drilling another called Dillard. There are also strong indications of other porphyries on their properties, maybe even a giant cluster. Oh, and their have under 50M shares out.

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext