Dead cat trampolining

The Dow has been climbing; a few more minutes to close. The DAX rocketed upwards too. All this is because the French and German governments are planning to do something this weekend about Greek debt. But the Greeks don't want to confront their own problem.

So, don't buy on Monday just because the ASX All Ords is rising. The dead cat is enjoying its bounce on a trampoline. But buy what is cheap and ignored or dumped by the investors. POG has found a floor in the last few weeks when commodities were sold down. The awful news is that AUD is rising again. A rising AUD might be great for traveling or buying overseas but for local exporters, it is a disaster. It is selling a wanted product profitably that makes one wealthy.

At a recent mining seminar, I was told CCC is on a PE ratio of 3. LSA and KMC are virtually at 1 by my uneducated calculation. And CDT has one of the largest tenements in Ghana and haven't explored everything.