investors and more of the investing public become interested in PM’s as an investment. There was one more indication today that this may be slowly happening. The Saturday issue of the Globe&Mail’s Globe Investor Weekend always has two charts with interpretive comments, one titled ‘What the charts say’ and the other titled ‘Who is buying and selling’. The two stocks featured in these two charts each week, over a period of time, range over a broad spectrum of the investing universe.
This week, for the first time that I can recall, both charts dealt with PM companies. The first one, ‘What the charts say’, gave a bullish account of Gold Eagle Mines (GEA.TO), and the second one indicated that there is significant insider buying at Semaflo (SMF.TO). I noticed that Semafo was amongst Kitco’s daily top five stocks once or twice in the past week.
I expect this bullish focus on two PM stocks this week, in a part of Report on Business that normally doesnt talk about PMs, will get a few more people to talk to their brokers on Monday morning to ask if now is the time to get into some PM stocks.
Cheers to all, and to Monday morning for PM stocks. Equiz.