Gold and Silver Penny Stocks

Dr Clive Roffey
Excerpt from No 25
Aug 8, 2005

Many of the junior miners are starting to lift off their bases and break down trends.

	Strathmore Minerals (CA:STM) is another stock that has been in a serious downtrend for the past six months. Last issue I detailed that any price under $1.60 remains a buying area. This stock is a serious buy at current prices.
	Cabo Mining (CA:CBE) is attacking its major downtrend line. There is minor short term resistance at 54c and any price under this is resistance is still a buying area as detailed in the last issue.
	Capstone Gold (CA:CSG) continues to trade inside a flat base pattern for the past six months. There is resistance at 85c and any price under 80c is a buying area.
	Hornby Resources (CA:HBE) was detailed as a buy at the 62c mark. It shot out of its trading range has pulled back to test the breakout for a second buying area.
	Wolfden Resources (CA:WLF) is yet another low priced stock that that has been locked inside a downtrend for the past six months. It is on the point of breaking upside and remains a buy under $2.55.
	Almaden Minerals (CA:AMM) has a reverse head and shoulders pattern with the resistance neckline at $1.95. The recent break above the minor resistance at $1.75 gave a short term buy signal.
	Nuinsco Mining (CA:NWI) was detailed two weeks ago as a buy on any retracement back to test the 20c breakout level. This occurred and the price bounced off this support level. It has since consolidated and remains in a buying area at around 22c.
	Amerigo Resources (CA:ARG) recently shot above its six months down trend line. This catapult is a little too far and the price is overbought at current levels. It would be a buy on any pullback to test the $2 level.

Many of the stocks have completed their base patterns and indicted that they are reversing into a MAJOR new BULL trend. You should be full in your penny stock portfolio.

Aug 6, 2005
Dr. Clive Roffey
Johannesburg
South Africa
email: info@utm.co.za
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"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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