High River Gold Mines Ltd HRIVF

RE: RE: HRG tired...

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Just looking at the recent chart price action suggest it has been overbought with no significant recent news.  Let it settle and this may take a few days (distribution / accumulation phase).  Just like gold except with a multiplier factor the fundamentals will push this up.  September is around the corner when the volume in stocks (specially gold stocks) picks up and the next 3-4 months are the best times historically for precious metal stock performance.  With technicals in better position, volume picking up, and the price of gold likely to rise and hard to find better value than this stock with its proven track record, no wonder it tops most speculative buy gold junior mining stock lists. Short term conservative target of $2.00 stands.  Other catalysts like the Severstal IPO, the positive decision on their silver property, and increased resources and reserves should increase this target considerably.