TSX Venture Exchange and Gold
It was another volatile week as the Venture plunged Monday morning to a 5-month low of 717, just 9 points above a strong support level, followed by an immediate 5% reversal to an intra-day high of 756 Wednesday. For the week, the Index closed up 19 points or 2.6% at 748. Non-resource stocks again led the way, though one standout in the Oil sector was Blackbird Energy (BBI, TSX-V) which jumped 30% on high volume on very positive news Friday morning.
The fact the Venture is holding up as well as it is in the face of an exceptionally strong U.S. dollar and weakness in Gold is a positive sign with just 18 more trading sessions before a likely Fed rate hike which should kick start a pre-Christmas turnaround and a powerful finish to the year. In the meantime, where can some money be made?
Click here to read the rest of today’s Week In Review And A Look Ahead, and learn more about where the Venture is headed in the coming weeks, with a risk-free Pro, Gold or Basic subscription featuring a 100% money-back guarantee, or login with your username and password.
There is an interview with Kal of BLO on Agoracom … the big picture is that they have been contacted by law enforcement and distribution peeps.. inundated was the word he sued.. so once it is ready to go it can penetrate quickly..
Comment by Patricia — November 21, 2016 @ 6:45 am