It seems like this very long correction is coming to an end with the precious metals indexes
breaking out. There also seems to be some capitulation volume on some of the stocks where
we are seeing volume coming in although a stock like Mexican when you look at the volume
traded versus its float tells you that this is sooooo tightly held. The people that have managed
to accumulate here will be very handsomely rewarded in my opinion. One million oz of gold
in Mexico with a land package which if you look at the historical articles especially the one in
the Northern Miner will tell you that this land has a lot more than a million oz ..... and right now
all this at a market cap of 5 million dollars ... it is practically trading like a shell company. The
seniors have picked up steam so shortly that money will make its way down to the juniors.
With the gold price screaming it is about to go much higher what is a company like Mexican
really worth .... certainly not $5 million. The chart says that the 30 and 90 day averages
are converging and we should be very close to a break to the upside which should be rather
breathtaking. Buy low ... sell high.
Simple Moving Avg (30) ——Simple Moving Avg (90) ——