Grande Portage Resources Ltd. V.GPG

Gold prices dropped by $30 oz.

[tarsands]

RSI is 72.6 (overbought) it can be higher but in this case I think the shareprice may suffer some given there is going too be NO news that I know of other then drill results coming out in say a month or so.
Unless they release little pictures or news clips of saying something like we have seen visible gold in the cores we sent off too the lab.

But I have a hunch they will start selling into the strength and the shareprice will fall back too .28 -- .30 area.

JMO.

[flash338]

We are certainly in an overbought condition on the MACD, RSI, slow stok... Some of the biggest gains come while technically overbought though. We could also just correct in time rather than price by trading sideways. We'll have to see. Last I saw level 2 had decent size bids ready to catch any dips. I'd keep an eye on level 2 and the gold price tomorrow.

[Teakbois]

There was no reason for the price drop this morning. Would not be surprised to see gold + before the day is over. The banksters are losing their grip on the pm's. 84 million ounces of silver have delivery notices for June! COMEX says it has 90 million. And......5,510,200 ounces or 171 metric tonnes of gold! While June is a main delivery month for silver, it is not a main delivery month

[Teakbois]

Forgot to mention.........dont over look the small financing the company just did.....650K shares at..... 35 cents!!  Could keep the price in the 30's and maybe move it into the 40's.