BNK.TO and NMX musings

Just a short observation.... BNK went for a continuation and if u have been following the speculation put out by the media... a communique from non other than the Motley was a shot at bringing 30 dollar a barrel oil speculators panic into the game and the thought was it will be the bottom and a bounce sooner than we think.... On other fronts or sources...  Opec refused the option of cutting production to stabilize the price and that was likely to decimate competing oil producing countries.... the states are enjoying a rise in oil product due to fracking so less oil dependency is a bonus.... pardon the spelling if it's wrong..... and there is a troupe of really good buys getting hammered... tax selling.... Santa rally.... January effect... all coming into play..... 2015 could be a very good year for buying energy stocks of quality at bargain prices,,,, and energy dependent industries that will benefit from low oil prices should run.

Sadly for the moment one of my favorite lithium stocks NMX...v is taking a lot of pressure from being one of the energy stock dependents as high energy prices fuels lithium... good thing the time may be good for a double bottom  which will be in the 11 to 13 cent range and long hold at super bargain price all things considered.. lots of reasonable speculation suggesting technical analysis may be used very effectively for buying signals in a weekly in the proper trend up and to be ready.....

Dave GLTA

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