Far East Capital Newsletter
A gentle improvement in sentiment confirms we are past the low point
22 Jul 2017

In This Issue


A gentle improvement in sentiment confirms we are past the low point

The turnaround in the mining stocks is still tentative with a number of the early movers suffering from a lack of follow through buying. Yet, there were some that continued to improve, and still others that are having a crack at breakthroughs. On balance, as the Sentiment Oscillator shows, the week closed on an improved note. We have certainly seen the short term low. We now need to look to increasing volume coupled with higher prices to establish an improving trend that will bring in more buyers, and so the cycle turns. 

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