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Home » Unlabelled » BOUGHT KXM $0.985

BOUGHT KXM $0.985

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I had a single trade last Friday with this purchase of Kobex Minerals Inc. (KXM) at $0.985.  Technically it has a ZERO crossover and a positive divergence in place.  What additionally intrigued me was to learn that the stock trades at 1.1X Book Value and has 90 cents per share in CASH.
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I am planning on being an aggressive buyer of miners this week provided the US Dollar shows signs of continuing to weaken.  If the Dollar does weaken I think it likely the bottom in gold was put in last Friday and we should be done with the gold correction.  
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I have limit orders placed for quite a few stocks, which include:  RMLFF, GSTP, ELRFF, CXZ, BCEKF, CLHRF, PLG, CDY, SFMI and RCTFF.
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In most cases these stocks are currently exhibiting a TSI trend line break or a bullish zero crossover of the True Strength Index (TSI) indicator.
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Click on the chart to ENLARGE
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My TSI trading record has been updated.
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