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Today I Bought This Chart

|Includes: GDX, HMY, New Gold Inc (NGD)

...which is another way of saying I took profits on NGD and bought HMY, as the HMY-NGD ratio suits this bottom feeder just fine. See, you can find nice bottom feed opportunities even in a speculative blow off!



Seriously, after owning Metallica Resources (MRB) for years from 1.00, I am now officially tired of the bullshit going on at the former MRB's (now NGD's) Cerro San Pedro mine, with the local activists again stirring up a hornet's nest. The company is operating and will probably be unaffected, but it has been a good ride up from under a buck late last year. Maybe I will revisit at a later date, but for now I'll take this chart, which means I'll take long time South African major gold mining basket case HMY over NGD.