PDAC International Convention - TSX: AVL, FVI, SBB, AXR. Also TA update on AVL - Avalon Rare Earth Metals

 I had a chance to see the PDAC International Convention in Toronto, Canada at the Metro Convention Center, March 6th-9th, 2011.

The bridge connecting the North and South Building

Entrance to the conference

Everyone was at this conference, just a sample of the booth list

Here are some of the booths of companies I have talked about a few I current have positions in.

 
Alavon stock look poised for a solid gains if the resistance breaks on the upcoming test.

Call it what you want cup & handle, wave 3 of 5, etc, but Avalvon looks poised to take off soon.  Once the recent high of 8.41 is broke this stock could run quickly.

Business News Network was at the conference as well.

BNN

In the international hotel there was this as I exited. 

SDS, AVL.TO, FVI.TO Charts

SDS - 2x bear S&P 500: Bullish divergence - Position Call Options March 22.00

AVL.TO - Avalon Rare Earth Metals - Setting up for a run to test recent highs - Position: Stocks

 

FVI.TO - Fortuna Silver - Break out move, Slow Stoch embedding - Position: Stocks

Maple Leaf Foods (TSX: MFI): UPDATE -> 5% gain since buy recommendation at 11.43 - 11.51

Previous post and analysis is here: Maple Leaf Foods (TSX: MFI) Q4 Earnings and Annual report 2010

The good news is the move has plenty of upside still in it.  Retest of $13 is likely at this stage.  I have not been involved with this however I wish I had :)

Potentially a perfect entry, as this could be the last time MFI.TO sees 11.40 for a while.  It will be interesting to see how food and agriculture stocks fair in the next market sell offs. 

Think oil is too high..... Think again

Oh No..... Oil is too high it will have to come crashing down..... that is the rhetoric that is prevalent in the media.  It can just be easily argued that Oil has just broken out, and any break down say to the $93-94 level is just a great buying opportunity.  Past 3 weeks there has been a breakout of the same level that yielded a $150 / barrel oil price in 2008.

The worry of governments is that energy costs will eat away all discretionary spending of the population grinding this "recovery" to a halt.  What is the most troublesome aspect of the latest move in oil is that Gas prices, which is what matters to civilians.  Gas in Toronto, Canada and similar in North America at large are at levels that are consistent with the low range of the channel  gas traded for in the summer 2008.   Strange? Yes, Oil still has $50 to get to the peak in 2008, but gas has already made it to its peak range. 

I would love an explanation why? The only way I can rationalize this is that gas companies have expectations of oil prices getting back to the $150 level and have priced this in now because they can...