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KAMINAK GOLD CORPORATION V.KAM

"Kaminak Gold Corp was incorporated on July 4, 2005 under the Business Corporations Act (British Columbia). The Company is an exploration stage company. It focuses on the acquisition, exploration and development of economic gold and other precious and base metal properties. The projects of the Company include Michigan Potash Project, Michigan. The Company is interested in exploration properties in Canada and the United States."


TSXV:KAM - Post by User

Post by Wisdomwithageon Apr 28, 2016 6:06pm
314 Views
Post# 24822792

Slowly Eaqting Through Resistance

Slowly Eaqting Through ResistanceHey Mates,

Have a look at the 7 year chart of KAM and you'll see why it is taking awhilw to work through the $!.85 - 2.10 resistance range.  The positive, however is that the volume is increasing nicely.  Barring any significant correction in the price of Au I predict that shoud happen within the next 10 business days.  

Once we break through, that range will become very strong support and we can look at a steady move north towards the next resiostance in the $2.85 - $3 range.

Caution is still important, however, so we need to watch Au closely, but the way the world's economies national debtloads are going, PMs (and the more leveraged Au/Ag producers) are a pretty safe haven.

Blue skies ahead!

Cheers,

Brit



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