Today the gap fill target at 622 was registered for the TSX-V. That does not mean it needs to stop here and quite possibly it won’t. But it’s the target and it is worth noting for anyone who has had interest in related equities. I am going to watch my little ‘.Vs’ closely now.
On the bigger macro picture, da V is doing this vs. its senior index, TSX. There is follow through today and this is indicative of more commodity/resources trades to come, longer-term. TSX-V/TSX is a good indicator for that.
Considering that gold has also now officially hit the next target of 2450 and silver is only 2.5 bucks below its target of 35, I am going to be watchful and mindful to try to take some profits and/or hedge in the coming days/weeks. Things are getting pretty pumpy out there.
