It Was Short and Shallow

By: Boris Sobolev | Tue, Nov 20, 2007
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We believe that the correction in the precious metals related stocks in now close to an end, which is apparent on the chart below. It also appears that the broad market is going to stage a rebound as evidenced by the fact that the "smart money" is starting to go long. Many sentiment indicators are flashing green as well.

For gold, we think that the correction is also basically over and downside is limited at $777.

We are continuing to accumulate our favorite Exploration I and II companies and reduce cash positions.

This is an excerpt from a flash update posted by Resource Stock Guide on November 18th.



Boris Sobolev

Author: Boris Sobolev

Boris Sobolev
Denver, Colorado

Resource Stock Guide (RSG) provides a free dynamic database for over 120 gold, silver and uranium companies. Stock, metal and currency prices are updated daily; company resources, costs, finances, etc. are updated within 2 to 5 business days after their release. Premium Services including the Newsletter are also available.

Database content includes but is not limited to:

  • A broad list of mineral resource stocks representing the most appealing investment opportunities
  • The various types of Mineral Resources owned by companies
  • Value of In Situ Mineral Resources broken down by category
  • Market Valuation of Resources owned by companies
  • Geography of mines and projects
  • Wide range of Financial Metrics, Proprietary Benchmarks and Metrics
  • Company Profiles containing comprehensive data on individual mines, projects, resources, costs, latest news and developments

RSG tools allow our users to sort, group and compare mining companies based on various characteristics. Moreover, these tools help user identify resource companies that are undervalued compared to their peers and have a potential to appreciate in price.

Disclaimer: The above information in this article pertaining to investing, stocks, securities must be understood as information provided and not investment advice. The information provided by Resource Stock Guide is obtained from sources believed to be reliable but is not guaranteed as to accuracy or completeness. Resource Stock Guide advises all readers to seek advice from a registered professional securities representative before deciding to trade in stocks featured on Resource Stock Guide or any stocks for that matter. All statements and expressions of the companies featured are not meant to be a solicitation or recommendation to buy, sell, or hold securities.

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