Bullion & PM Share Prices Take a look at the ten year charts on gold and silver bullion. If that doesn't get you excited, nothing will. The trendlines are incredibly bullish and in both cases show a very long uptrend up to right now. Right now we a showing a flag formation that is extremely bullish. This is a consolidation of the large moves that reached $1,913 for gold and $50 for silver. In my opinion we are close to the end of this digestion period and a breakout to the upside that will take your breath away.
Victoria has been sliding lower for months. This has discouraged investors and kept volume low thereby allowing shares to be moved by sellers who are giving up. A review of the past couple of months trading in Victoria shares using variations of "On Balance" principles reveals how a small amount of volume moves the shares. For example in the last 23 trading days 9.0 million shares were traded representing .023% of total o/s shares, however, shares dropped from $.365 to $.26 for a .29% drop.
The point of all this is that when bullion prices breakout and start the next leg up, Victoria along with many other juniors will explode upward. Remember, Victoria is a low grade operation with a lot of ounces in the ground and more to come. This is what they mean when the say they have "leverage to gold bullion". I believe that they will also develope the Rex-Peso silver discovery when we see $60-$75 silver.
Bottom Line, I feel that we have a winner here and will shortly find out how big it is.
GLTA/rg