Candelaria Mining Corp T.CAN

Primary Symbol: V.CAND Alternate Symbol(s): CDELF

Metals & Mining Gold

Candelaria Mining Corp. is a Canada-based precious metals focused exploration and mining company. The Company is engaged in two gold projects in Mexico: the 100%-owned construction-ready high-grade Pinos gold project located in the state of Zacatecas, and the 100%-owned advanced-exploration stage Caballo Blanco project located in the state of Veracruz. The Pinos Project is situated in the central part of the Mexican Republic, adjacent to the municipality of Pinos, in the south-eastern portion of Zacatecas. The Project is approximately 80 kilometers (kms) west from the city of San Luis Potosi and approximately 140 kms east from Zacatecas, the State capital. It consists of around 3,816 hectares comprising over 29 concessions. The Caballo Blanco Project is situated on the eastern coast of Mexico in the state of Veracruz, around 65 km northwest of the city of Veracruz. It covers over 9,650 hectares (ha) comprising over 14 contiguous mining claims. Its subsidiary is Minera Apolo SA de CV.

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Candelaria Mining Corp

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Post by challenger426on Mar 13, 2012 12:15am

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Post# 19660926

Chart shows buying opportunity

I picked up some CAN shares on Friday because I felt that the shares were trading near the same support level as the previous 3 bottoms. Today reinforced my decision as the share price is coming of the bottom of the bollinger band as it has the previous 3 times. There is a very good chance that the share price will bounce back to at least $1.50 very soon if history repeats. The RSI has approached oversold territory while the Stochastics and MACD should reverse directions within days. The price of gold is being supported by the 50 & 200 DMA so as long as that holds, gold should go up and so should many juniors including CAN.

Best of Luck