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Canadian Gold Resources Ltd T.CAN


Primary Symbol: V.CAN Alternate Symbol(s):  CDNGF

Canadian Gold Resources Ltd., formerly Amseco Exploration Ltd, is a Canada-based gold exploration and development company. The Company is focused on advancing its 100% owned gold properties in the Gaspe Gold Belt of Quebec, Canada. The Company is the owner of the Lac Arsenault Property, the VG Boulder Property, and the Robidoux Property. The Lac Arsenault project is located in the Gaspe Peninsula of Quebec, approximately 25 kilometers (kms) north of Paspebiac and 58 kilometers from Bonaventure, covering a total of 4,118 hectares. The Robidoux project is located in the western Gaspe Peninsula, Quebec, covering 1,940 hectares. The VG Boulder project is located in the Gaspe Peninsula, Quebec and covers 14 km along the prospective Grand Pabos Fault, spanning approximately 5,787 hectares.


TSXV:CAN - Post by User

Post by ternovon Jan 26, 2011 2:23pm
346 Views
Post# 18029940

short squeeze?

short squeeze?low volume meltup on CAN this morning. looks like a few guys got caught with their pants down. turn around isn't confirmed until we get some volume.

gold bounced nicely off $1325 and appears to be bottoming (?), but this sort of action has occurred numerous times in recent days. just when it looks like the bottom is in, the usual cast of characters comes back and whacks it down another $20 or so. with the recent selloff in the USD, the mini crash in precious metals is bizarre to say the least.
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