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The pot is beginning to burble over to the extent that I believe we are approaching one of those periods where even the crappy little small time gold and silver miners will begin to shoot golden fountains of coyne (sic) out of their arses. Tonight I offer two to hold until the 4th of July, at minimum. In the penumbra of the rockets red glare, there ye shall banque.
I have a bunch of these in my portfolio both as “option” investments and as long term plays, and they are usually characterized by their “less than $10” price range.
Like an undiscovered vintage of small California vineyard Cabernet, however, these little gems tend to be “unearthed” and then the real fun begins. I remind you here, and tell you later — SLW, EGO, ANV, and even IAG were all sub $10 stocks less than 18 months ago. I believe these two juniors, and perhaps also GSS, possess similar characteristics.
First, my current favourite (sic) in the small popper category is the lovely FRG. After announcing a measurable find in their most recent presser on Monday, they have been somewhat “off to the races.” I think the release was just an excuse for the baby to rally. She’s been waiting a while:
You probably remember this chart from late April on my site… well now you can see it is on it’s way to new rocket heights.
The second name is NGD, one of the famous “Three N’s” along with NG and NXG. I like them all, but NGD seems the most promising for the next month or so. Have a look at the weekly:
(Shit!)
It’s just breakout out above long term resistance at $6.50 and you see my target of $9.50 in the short term.
I’m holding it for much more than that, but that’s the way I roll.
Best to you all.
Keep watching the best of the best, too — SLW, ANV, EGO, IAG, PAAS, EXK, XRA, MVG, CDE, even GG and AUY. If you want ETF’s there’s GDX, GDXJ and SIL for the miners and GLD and SLV for the solid stuff.
Live long, prosper.
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