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Gold & Silver Penny Stocks #36

Dr. Clive Roffey
January 30, 2006

The silver price has rocketed as expected in our constant analysis in 'Gold Action.'

Halo Resources (CA:HLO) rocketed out of its base and above 45c to trigger the upside potential. It has hit selling resistance at 60c but I rate this as a share to buy on any dips.
Alexis Minerals (CA:AMC) recent surge above 42c was a serious upside breakout and the short term pullback to test the recent support level at 45c is a second buying area. Under 45c this stock remains a buy.
Capstone Gold (CA:CSG) has recently pulled back to test the main support level at $1.10. It is ready for a real take off above this major support level. I expect a serious upside move from this stock.
RNC Gold (CA:RNC) was detailed as a buy at the 40c level. It has more than doubled and I would take profits at the current price area.
Dynasty Gold (CA:DYG) has been a major WINNER. I continually advised buying under 20c and it has produced well in excess of 100%. This remains a hold.
Everton Resource (CA:EVR) is another 100% WINNER.
This remains a hold for the time being.
Santoy Res (CA:SAN) was previously detailed as a serious buy up to 40c for this stock. It catapulted and then pulled back to test the breakout. I rate this as a buy at current prices for a serious upside move.
Amerigo Resources (CA:ARG) is yet another major WINNER. Continue to hold this stock through any minor dips.
Morgain Minerals (CA:MGM) remains a buy at any price under 49c. A break above 50c will lead to a large upside potential.
Desert Sun Mining (CA:DSM) I have detailed this stock on several previous occasions. Another WINNER. Continue to HOLD. Do not chase this stock.
Eastmain Resources (CA:ER) was also previously detailed as a buy at 50c. The current pullback is a second chance buying opportunity.
Energold Drilling (CA:EGD) had formed a large base and I detailed it as a stock to continue to accumulate under $1. Hold for the time being.
Cabo Drilling (CA:CBE) has formed a base with a reverse head and shoulders pattern. The current pullback to test the 45c support is a second chance buying level.

January 28, 2006
Dr. Clive Roffey
Johannesburg
South Africa
email:
info@utm.co.za
Roffey archives


"Gold Action" is a fortnightly commentary on global gold and precious metal markets produced by Dr. Clive Roffey, Johannesburg, South Africa, a leading professional independent commentator on gold markets since 1969.

'Gold & Silver Penny Stocks' is the sister publication to 'Gold Action' and is produced by Dr. Clive Roffey; croffey@mweb.co.za

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