This copper miner isn't moving quick as a result of the last few weeks market distribution, but it took everything the market threw at it in the form of lose hands... Level II shows strong accumulation... consider this a heads up! Any daily chart with a 200 day average plotted will show a nice soft landing and reaction bounce... considering the overall distribution market wide these last 2 months and especially the last few weeks... this looks like it is ready to start opening above the previous close... A very nice looking 200 day average bounce.
GLTA Lostoutwest
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Friday, March 25, 2011
A Strategy XME.V
I try and watch stocks that have special qualities that may provide lift at strategic times... Often they become overbought... and despite the solid speculation... at times when the market corrects en-mass or by sector... overbought stocks deflate...
When they do.... it may be a strategy to look for strong speculation that has yet to be moved on...
I was hoping XME would continue it's path down under ..21 cents... but it is developing a ranging pattern, and the rubber band appears to be between .21 and .30 cents at this point... It should prove to have a solid pipeline going forward... and if the picture for gold is as James West paints it in the previous post... gold will recover handsomely... and the fundamentals for this stock... the projects... the cash on hand... the NI-43 101 resources makes this a no brainer if I may be so bold... we won't know when the market takes notice.... however this particular stock has the potential for some no nonsense... step at time positive progress for a very minimal speculative double even through the Summer Doldrums...
Just in case if you feel it meets some basic criteria that you can work with... here is a write up on recent events...
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
This a copy and pastefrom a James West PDF I say no more... other than thanks Midas Letter
Drill results from the Nip zone, released in September of last year, further demonstrate the continuity of good grades. The press release of September 24, 2010 states, “Nip Zone drilling highlights demonstrate excellent potential for delineating broad zones of mineralization that may be amenable to large scale, bulk tonnage open pit or underground mining.
Highlights include drill hole DQ-09-09 that intersected 16.5 meters averaging 5.25 g/t Au, including 4.0 meters averaging 17.24 g/t Au (15.75 g/t cut). Hole DQ-10-17 intersected 17.0 meters averaging 2.95 g/t. True widths are estimated to be 85% of the reported length.”
If the continuing drill program pulls all these zones together, the potential for a major economic deposit is enhanced. But Xmet is not a single project company. Roy Property Xmetʼs 800 metre drill program announced last week is going to twin some historic holes
completed by previous owners. The target is "Portage style" high grade shear-hosted copper deposits, and low grade, bulk-mineable, disseminated copper-gold mineralization hosted in "Porphyry style" deposits such as the Grandroy Mine, located 800 meters east of the Roy property. Significant, past producing Cu-Au mines located within a 3.5 kilometer radius of the Roy
property include the Portage Mine (5.6 million tonnes averaging 1.73% Cu and 3.19 g/t Au), and the Henderson II (6.48 million tonnes averaging 1.6% Cu and 1.16 g/t Au). Historical high grade copper values ranging up to 6.5% Cu have been obtained from NE-SW trending shear zones on the Roy property, while grab samples from quartz veins have returned up to 7.8 g/t Au.
Buchans Junction The company is looking at a high grade polymetallic volcanogenic massive sulphide (VMS) style mineralization that occurs in the mid-Ordovician Buchans Group.
Historical production from the Buchans Mines VMS high grade polymetallic ore included 16.2 Mt of 14.51% Zn, 1.33% Cu, 7.56% Pb, 126 g/t Ag and 1.37 g/t Au. Styles of mineralization include in situ ore, stockwork ore and transported ore. Massive sulphides can occur with hydrothermal vents located along syntectonic faults, diatreme bodies associated with sub-volcanic intrusives, and ore bearing slumps and ore grade debris flows associated with submarine canyon activity.
Conclusion
The bases are loaded and the drills are turning. The opportunity is Resource Investing 101 in its simplicity: If they hit big, itʼs a home run. If they hit something decent, theyʼll continue to develop those successes, and the share price appreciation will be more incremental. If they come up with dusters, which is not possible, at least in the case of the Duquesne-Ottoman, theyʼd refinance and find new properties. The new 20-20 zone is definitely going to add ounces to the existing resource. Either way, at $0.22 a share, this oneʼs a no brainer.
James West
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
GLTA Lostoutwest
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When they do.... it may be a strategy to look for strong speculation that has yet to be moved on...
I was hoping XME would continue it's path down under ..21 cents... but it is developing a ranging pattern, and the rubber band appears to be between .21 and .30 cents at this point... It should prove to have a solid pipeline going forward... and if the picture for gold is as James West paints it in the previous post... gold will recover handsomely... and the fundamentals for this stock... the projects... the cash on hand... the NI-43 101 resources makes this a no brainer if I may be so bold... we won't know when the market takes notice.... however this particular stock has the potential for some no nonsense... step at time positive progress for a very minimal speculative double even through the Summer Doldrums...
Just in case if you feel it meets some basic criteria that you can work with... here is a write up on recent events...
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
This a copy and pastefrom a James West PDF I say no more... other than thanks Midas Letter
Drill results from the Nip zone, released in September of last year, further demonstrate the continuity of good grades. The press release of September 24, 2010 states, “Nip Zone drilling highlights demonstrate excellent potential for delineating broad zones of mineralization that may be amenable to large scale, bulk tonnage open pit or underground mining.
Highlights include drill hole DQ-09-09 that intersected 16.5 meters averaging 5.25 g/t Au, including 4.0 meters averaging 17.24 g/t Au (15.75 g/t cut). Hole DQ-10-17 intersected 17.0 meters averaging 2.95 g/t. True widths are estimated to be 85% of the reported length.”
If the continuing drill program pulls all these zones together, the potential for a major economic deposit is enhanced. But Xmet is not a single project company. Roy Property Xmetʼs 800 metre drill program announced last week is going to twin some historic holes
completed by previous owners. The target is "Portage style" high grade shear-hosted copper deposits, and low grade, bulk-mineable, disseminated copper-gold mineralization hosted in "Porphyry style" deposits such as the Grandroy Mine, located 800 meters east of the Roy property. Significant, past producing Cu-Au mines located within a 3.5 kilometer radius of the Roy
property include the Portage Mine (5.6 million tonnes averaging 1.73% Cu and 3.19 g/t Au), and the Henderson II (6.48 million tonnes averaging 1.6% Cu and 1.16 g/t Au). Historical high grade copper values ranging up to 6.5% Cu have been obtained from NE-SW trending shear zones on the Roy property, while grab samples from quartz veins have returned up to 7.8 g/t Au.
Buchans Junction The company is looking at a high grade polymetallic volcanogenic massive sulphide (VMS) style mineralization that occurs in the mid-Ordovician Buchans Group.
Historical production from the Buchans Mines VMS high grade polymetallic ore included 16.2 Mt of 14.51% Zn, 1.33% Cu, 7.56% Pb, 126 g/t Ag and 1.37 g/t Au. Styles of mineralization include in situ ore, stockwork ore and transported ore. Massive sulphides can occur with hydrothermal vents located along syntectonic faults, diatreme bodies associated with sub-volcanic intrusives, and ore bearing slumps and ore grade debris flows associated with submarine canyon activity.
Conclusion
The bases are loaded and the drills are turning. The opportunity is Resource Investing 101 in its simplicity: If they hit big, itʼs a home run. If they hit something decent, theyʼll continue to develop those successes, and the share price appreciation will be more incremental. If they come up with dusters, which is not possible, at least in the case of the Duquesne-Ottoman, theyʼd refinance and find new properties. The new 20-20 zone is definitely going to add ounces to the existing resource. Either way, at $0.22 a share, this oneʼs a no brainer.
James West
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
GLTA Lostoutwest
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Thursday, March 24, 2011
James West
James West on BNN Gold picks and Middle East
GLTA Lostoutwest
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GLTA Lostoutwest
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Wednesday, March 23, 2011
It seems we had a reasonable day.... for a Wednesday this is not too common, but we should expect this type of reaction bounce....
The best type of positioning took place on the cusp of the bounce... please remember this screen shot represents only one day... and as such does not suggest strength of trend... only a moment in the cycle of a bounce.... the technical Damage remains and indicators are not confirming this rally... so it is with caution I observe the move up... having repositioned some cash.... I feel pretty safe holding some of my re-entry... however, Uranium is not looking like it will provide anything but some near term sport...
GLTA Lostoutwest
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The Alpha exchange
Has anyone seen a release from a company that is boasting about making a listing on the Alpha exchange?
If stocks listed on the TSX and Venture are being routed to trade on an exchange other than the TSX... then we have little more than a Market Maker by the name of the "Alpha Exchange" no matter how they paint the picture... the results are in the practice... and results for this trader are now at a disadvantage... This alpha exchange is orchestrated by a coalition of Canadian Banks... and we know when anything is orchestrated by banks... the benefactors are banks.
If it wasn't for the fact that orders are being routed to the Alpha exchange.. the Alpha exchange would have no liquidity.... Screening is a function of routers and is done in many other instances.... We scan for stocks that meet certain criteria... as an example..... A filter is a filter is a filter.
I have been told by Waterhouse (not speaking for any other trading houses) that any stocks with a share price under a dollar will automatically be routed in a large part to the Alpha exchange...
Our orders are being filtered to a market maker... of which is at this time shrouded in mystery and disinformation a likely presentation on their website IMOP.
You want a suckers read this sales pitch... look over the FAQs......
The smart Routing system is said to provide liquidity and best price... the TSX is a monopoly and monopolies in some cases are bad (quite a sales pitch), but in this case transparency easily outweighs the condition (with The TSX we know the devil we are dealing with), and in fact provides transparency that is sorely needed when dealing with banks.
Practical experience by this trader when orders have been routed is delays.... and increased risk...
Anybody who knows anything about networking knows that when you introduce a new segment into the network... it is about security and segregation... it separates the company from the public when and where it wants.... and most important... there is a latency factor which wipes out any advantage in speedy execution of orders... not to mention the distinct lack of transparency....
Bottom line... we have what appears to be the OTCBB... style trading system being born in Canada...
IMOP... such a system is open to extreme abuse... and as we have witnessed the type of abuse in the States and the lack of transparency and freedom to commit banking crimes.. is without any repercussions.
GLTA Lostoutwest
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Please read our Complete Disclosure
If stocks listed on the TSX and Venture are being routed to trade on an exchange other than the TSX... then we have little more than a Market Maker by the name of the "Alpha Exchange" no matter how they paint the picture... the results are in the practice... and results for this trader are now at a disadvantage... This alpha exchange is orchestrated by a coalition of Canadian Banks... and we know when anything is orchestrated by banks... the benefactors are banks.
If it wasn't for the fact that orders are being routed to the Alpha exchange.. the Alpha exchange would have no liquidity.... Screening is a function of routers and is done in many other instances.... We scan for stocks that meet certain criteria... as an example..... A filter is a filter is a filter.
I have been told by Waterhouse (not speaking for any other trading houses) that any stocks with a share price under a dollar will automatically be routed in a large part to the Alpha exchange...
Our orders are being filtered to a market maker... of which is at this time shrouded in mystery and disinformation a likely presentation on their website IMOP.
You want a suckers read this sales pitch... look over the FAQs......
The smart Routing system is said to provide liquidity and best price... the TSX is a monopoly and monopolies in some cases are bad (quite a sales pitch), but in this case transparency easily outweighs the condition (with The TSX we know the devil we are dealing with), and in fact provides transparency that is sorely needed when dealing with banks.
Practical experience by this trader when orders have been routed is delays.... and increased risk...
Anybody who knows anything about networking knows that when you introduce a new segment into the network... it is about security and segregation... it separates the company from the public when and where it wants.... and most important... there is a latency factor which wipes out any advantage in speedy execution of orders... not to mention the distinct lack of transparency....
Bottom line... we have what appears to be the OTCBB... style trading system being born in Canada...
IMOP... such a system is open to extreme abuse... and as we have witnessed the type of abuse in the States and the lack of transparency and freedom to commit banking crimes.. is without any repercussions.
GLTA Lostoutwest
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Please read our Complete Disclosure
Tuesday, March 22, 2011
Silence of the sheep...
I have been patiently waiting for some kind of direction other than the snap the whip... and so far the expected Market bounce bounce has occurred.... however, there is a distinct lack of follow through...
I will put some links out to charts of the TSX & CDNX at the end of this post and the damage done to the trend should be evident... It was serious enough to be an event that should not be taken lightly... the CDNX is definitely more affected as the TSX shows more strength...
So... What is the problem if the market goes down and I /you have a strong fundamental stock that we believe will buck the broad trend because of the strong fundamentals?
The answer is that from a view of attempting to take a position.... the odds of picking the right stock that is going to buck the trend is way down... make a few trades in a down trending market and you will come to experience the reason many chartists fail the test. In a down trending market buy signals move to about a 90 % failure rate in my experience.... so if the market is about to make a reverse in trend.... it remains to be..... the best course of action is no course of action except in extreme cases of love and temptation... take what comes.
Any stocks momentum is comprised of all the usual components of price of any stock you can think of... If a stock has been on a tear... good fundamentals or not.... the direction of the price is a function sentiment greed and fear. Fundamentals have little to do with it when fear is leading the charge.
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GLTA Lostoutwest
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I will put some links out to charts of the TSX & CDNX at the end of this post and the damage done to the trend should be evident... It was serious enough to be an event that should not be taken lightly... the CDNX is definitely more affected as the TSX shows more strength...
So... What is the problem if the market goes down and I /you have a strong fundamental stock that we believe will buck the broad trend because of the strong fundamentals?
The answer is that from a view of attempting to take a position.... the odds of picking the right stock that is going to buck the trend is way down... make a few trades in a down trending market and you will come to experience the reason many chartists fail the test. In a down trending market buy signals move to about a 90 % failure rate in my experience.... so if the market is about to make a reverse in trend.... it remains to be..... the best course of action is no course of action except in extreme cases of love and temptation... take what comes.
Any stocks momentum is comprised of all the usual components of price of any stock you can think of... If a stock has been on a tear... good fundamentals or not.... the direction of the price is a function sentiment greed and fear. Fundamentals have little to do with it when fear is leading the charge.
Stockcharts Public List
GLTA Lostoutwest
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|| Kenuck SmallCap Trader || The Gold Report || Korelin Radio || StockCharts You Tube Lessons || Money In Metals || Resource Clips || Stockhouse || Ticker Trax || Bullion Bulls Canada || Lex corp || Track My Trade || National Post || Grandich || Penny Stock Journal || FreeStockCharts || Gold$eek Drill Results 101 || CBCnews || Seeking Alpha || SmallCapPower || Macroaxis || GOOGLE
Please read our Complete Disclosure
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