Trading Post (voluminous edition)

Minera Andes (MAI.to) up 1.8%. It may not have moved very much, but check out the volume. Two 1m share blocks went through this morning at higher prices...somebody with money wanted in (and rightly so imho). Thanks to regular readers LC and JM for the headsup on that (but LC got there first ;-)

SLV up 6.75% at $12.65... and flying. I didn't catch the boat. More fool me for being greedy and trying to get cheaper than the $12.20 open. I'll try and console myself with "at least you called it, dude".*

"The coppers" getting hammered, as the spot price dumps to $2.80/lb. FCX, PCU, ARG.to, pick your own fave. Ugh...not good for the LT portfolio.

Breakwater (BWR.to) up a touch at $0.22. My target Zn short term trading play has been bouncing between 0.215 and 0.22 all morning, but volumes low. Note spot Zn refuses to go under 0.75/lb again. Very strong resistance level right here. I know a regular reader bought a chunk of BWR.to at 0.235 last week just before the big dumperooney and that's a case of bad luck and it sucks like that sometimes etc. There's hope in this thing yet, it seems, as any crappy miner would have dived several fathoms deeper.

Mercado Libre (MELI) at $20.50 is now green on the day. The stock turned around just after I hit "publish" on the note below. Coincidence? Spookiness? Real or Memorex? YOU BE THE JUDGE!

*I tried it and it didn't work