Emerging producer of Gold and Silver in Mexico
Property hosts Inferred mineral resources of 225,750 tonnes of tailings with a grade of 2.0 g/t gold and 220 g/t of silver.
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Message: Got Gold Report - Back Up Truck on Small Gold, Silver and Uranium Miners

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Re: Got Gold Report - Back Up Truck on Small Gold, Silver and Uranium Miners

posted on May 06, 08 11:37AM

Excellent article

Of interest was the bottom line section:

Bottom Line

The bottom line for this report is that as both gold and silver are approaching their popular moving averages from above, with this gold correction already the second largest of the Great Gold Bull in percentage terms (although only 7 weeks old), with the most popular physical silver still in short supply in the U.S., positive money flow into the silver ETF, negative money flow from the gold ETFs slowing, mining stocks acting more firmly than they have been and small resource companies now outperforming their larger cousins, there is reason for optimism for those who are still holding positions or are now scaling in. If the indications this report follows closely are correct, both gold and silver are within 6% to 10% of their potential 2008 lows and it would not be at all surprising to see both find overwhelming support near their Friday lows.

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