TSX-V; An Important Market for the Times

It’s that old Canadian backwater, kicked to the curb since 2011. It’s the TSX-V. Why is AAU going up? Why are fellow crappers like the little silver bottle rockets I hold going up? Well, it’s not necessarily because of the ‘V’, but is sure does not hurt the case if Canada’s speculative playground gears up again.

The trends are down, but CDNX tentatively took the SMA 50 today and has had a bit of volume lately. RSI is positive, MACD has a decent look and STO is trying to take 80. Nothing is proven yet; it’s a downtrend. But if this thing flips bullish resource speculators would not help but to make money, beginning over there in the silver and gold patch and probably one day spreading out to the other more cyclical patches.

cdnx

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