Grudging
2.56 pm The index sold off again following last week's pattern of ignoring strong leads but it has caught a bid from a higher low to be up a still modest 16 points.
My large caps are a touch lower except for gold miner RSG which I bought earlier at 115 and is now up to 117 as the gold sector finds support. Resolute is probably the cheapest of the mid sized producers because it's in a year where profit goes slightly backwards before an expansion. Anyway, I could easily have bought this on Friday but there's plenty of room for it to rally, both technically and because of an undemanding valuation.
The small caps have done well with a return to form for CLQ which is up to 163.5 and a good result in one of the longer term positions from Friday in a micro finance stock called Change Financial which is up 14.5 to 107.
4.20 pm The grudging nature of the rally continued with a modest gain of 7 points in the ASX 200 index. However, small caps did quite well and so did the golds while some of the smaller oils are also shaping well. In the small gold sector I bought some Silver Lake which is running again after an inside week. Long at 43.
My large caps are a touch lower except for gold miner RSG which I bought earlier at 115 and is now up to 117 as the gold sector finds support. Resolute is probably the cheapest of the mid sized producers because it's in a year where profit goes slightly backwards before an expansion. Anyway, I could easily have bought this on Friday but there's plenty of room for it to rally, both technically and because of an undemanding valuation.
The small caps have done well with a return to form for CLQ which is up to 163.5 and a good result in one of the longer term positions from Friday in a micro finance stock called Change Financial which is up 14.5 to 107.
4.20 pm The grudging nature of the rally continued with a modest gain of 7 points in the ASX 200 index. However, small caps did quite well and so did the golds while some of the smaller oils are also shaping well. In the small gold sector I bought some Silver Lake which is running again after an inside week. Long at 43.
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