IKN Telling It like It Is

Good post from incakolanews about the reality about a number of the capital venture companies in the PMs industry.



 Read it HERE, I highly recommend it.

Spanish Mountain Gold Closes Financing

A few days old...I know, but still feel like its worth posting.


I had looked at this company a number of times but never pulled the trigger. If I recall correctly, they had some issues with financing, first nations agreements, and the grade was not quite what I liked, given the other discounted higher grade projects out there.


That being said, they raised 3 million the other day. The price has crossed the 50DMA recently, and with this news release we may see a more definitive change in direction. I'll be watching this play over the next week.


Click here for the news release.

Dundee buying Sphere

Last 10 trades of the day were from Dundee on the buy.


Stronger support on the ask side of $0.02 than in the bid.


I think that things may be building up for a swing up to 3-4 cents early next week. I still own a number of shares averaged at $0.01. 

Further Discourse on the Trading of SBB

I'm getting ready to re-enter SBB. Problems I'm seeing now though is that the price action may be changing. Instead of tracing back down to the support line at around $1 it may follow the trend line which starts at the low of $0.81. As well, the price has closed right at the 50DMA. Monday will be interesting to see if it goes back above the 50DMA, which I will take as confirmation of a change in price action and a change to the trend line.

Boston Scientific

Go figures...my most successful security over the last year and a half hasn't been a PM stock. Boston Scientific has done well over the last year...just take a look at its one year chart. When I bought the security, I really knew very little about the company....but I liked their chart and entered in between $5.80 and $6.00.


Since then I've been looking at swing trading opportunities in the trend channel that has formed starting at around $7.00. I like the quick breakouts up to the line of resistance.

A post I like from another blogger

More and more the juniors market is giving me quality laughs.


I got a good laugh from this post by PS Dave over at Vancouver Venture. I can imagine the group of executives sitting around in the Vancouver board room thinking of the best picture they can paint with the shit they have to release to their share-holders.

"accounting purposes"....I'm going to use that one...

Miners, explorers, ETFs and the gold price

If the miners fell when gold broke through $1400, what do you think will happen as it falls below $1400? If there is anything that those of us in the junior sector have been able to make sense of these last 2 years its that everything sends the price of PM stocks down. Whether its good or bad news doesn't matter, only depends how much.


Everything I know of is down today...not that I should find that unusual in any regard, but still.


Friday is usually a pretty lack luster day anyway so may just leave my computer and go out for the day.