Whooooa Nelly!  Pretty positive day on the markets.  I’m especially pleased with the performance of picks with SSS.V up a cool 32%.  I noticed something the other day though.  When I came across ELR.TO as a stock on the move I took a look and the chart for spot platinum and noticed something very different.

versus

It looks like gold is really hitting against some long term resistance meanwhile platinum is channeling upwards from a large drop last year.  With this in mind I could see ELR as a longer term platinum play instead of my original plan to quickly trade this for quick money.  What are your thoughts?  I’m no professional in technical analysis so I really would value your opinion.


RealMoney –Reliable Investment Advice from 70+ Wal

Yesterday’s Picks:
ELR.TO – $0.65 – $0.67 (+3.08%)
SSS.V – $0.11 – $0.145 (+31.82%)

Today Best Performers: (with volume > 500k and share price < $2)
TSX: CAZ.T - Open $0.14 – Close $0.22 (+57.14%)
TSXV: NGE.V – Open $0.05 – Close $0.15 (+172.73%)

What I’ll be watching tomorrow:
ELR.T – $0.65 – Still has great volume.  Let’s go again tomorrow.
CGK.V – $0.065 – Yes, it’s a gold stock, but closed another private placement.  Excerpt from a news release on the end quarter results “…management is evaluating a number of opportunities, which include a merger, joint venture, equity and other financing mechanisms.” (source) It seems like they should be able to secure all financing needed to restart the mining operations.

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