The markets have pulled their Friday recovery as they have in the past... considering what determines a trend in the basic way... we are on the lookout for a "NEW" Lower High and a "NEW" Lower Low ... it is not predictable... only reactable...
It is possible to range and whip into May... it is my personal caution however... to be aware of the Summer Doldrums not getting caught if at all possible...
Technically there is little new to report from what already has transpired... Uranium crashed... However this morning I'm seeing a broad resurgence into the watch list.. and out of my watch list URC.V is the best looking prospect for having the goods... with a recent cash influx.... of course there are others... but for an explorer with pounds in the ground... there really is nothing comparable at this price in a safe jurisdiction... even if they never get to production... I can see from .155 back up to low .20s for a start..... this was a great flush and it's a lot easier to get a double from .155 than it is from 2.00 JMOP.
I would like to put a new watch on the tip of your tongue... XME.V
XME.V is not looking particularly strong and I'm so glad for the weakness in gold and silver issues in spite of the gold and silver prices.
XME is at this time hopefully going to slip under .20 cents... in my wildest dreams it should get so low as .10 cents in the next couple of months... is entirely possible... although any resurgence of gold issues in the broad market before that... may cut that target short... by a lot... a more realistic target would bottom in at .15 to .16 cents should the market remain complacent...
It would be fair to say that you familiarize with some DD... and put on your patient hat.... this is a 12 to 18 month hold at the right price.
GLTA Lostoutwest
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