... the same guys who started T.ELD ...... are at it again with a relatively new junior called Hawthorne Gold (V.HGC). It's trading near 52 week highs and they just raised $20 million bucks for 2008 drill programs.
I am long this one and their JV partner V.EUK. I'm not pumping these two. Just thought you may want to get in on the ground floor with the guys who started Eldorado (and Bema) many years ago. Hawthorne is their third kick at the gold can.
Anyways, back to Eldorado ... I guess it couldn't break the resitance in the $7.49 to $7.55 per share range but it did hold up nice today. I think the FED had to sell gold off today because tomorrow, it is probably going to rocket higher when they announce their decision to cut rates. If it's only 50 basis point cut, then gold may sell off. If it's 75 points, gold will probably trade side ways. If it's a full 1 point cut, then gold is going to launch higher. Equity markets will blast off for the short term and gold equities will roar higher.
The above is just my humble opinion, but I am definitely hoping for a full 1 point cut by the FED tomorrow.
Good luck all. DO your own due diligence first.
rise1