yes, psycho volume, the miners are going to "officially" breakout soon, attracting attention from managed money.

not bad, in @ $0.69 two days ago

Arafura gets a tip of the old hat.

Crosshair gets a nod.

well Silver Spruce isn't a silver miner, though they do have silver, just no targets or intention as far as I know

I don't feel Briscoe is doing his best to market anything.

I think in part, the potential is so great it casts a rosy haze perhaps, but the terrible share structure, PR, politics, and environmental concern are most of what gets you profitable JVs and funding to develop your properties.

Having the largest deposit in the history of man is going to be better than having a number of good targets on one property with good management, experience developing properties successfully and tight share structure.

In short, the company sucks, but the market cap is cheap enough to warrant some cheerleading given the potential.

Take 1,000 junior explorers, at random, 98%+ won't be worth a sh**.

Keep in mind, uranium is traded primarily in long term contracts, $57.25 is the current price, while the long term price is still in the $70's.

So good news.

fill out the blanks and get back to me.

Insert your own clever wink smiley here: ______

while rhodium is not a ree, it certainly has high value and would be wonderful to see a decent concentration.

lol, the floor must not have been solid...

I was referring to short term obviously, no ceiling or floor can contain a volatile asset.

I wonder if we could identify any REE targets in the breccia pipes if we had the funds?

There is a solid floor right at 0.0300

yeah, we're set from here

I have charted the company vs. the SLV (in blue) year to date. Many mining shares are highly correlated to the SLV and spot silver but they tend to lag and lead each other quite randomly in the short term. This gives us an opportunity to indicate when short term prices may be too low in regards to the underlying asset. I expect Aurcana to reverse and retrace upward toward the price of silver. The straight line of support from January and February should hold and since nothing but positive news regarding increased production and mill expansion has been coming out. By mid to late 2012 it is estimated that the Shafter Mine in Texas will produce 3.8 million ounces of silver per year. The SLV sits just above the 61.8 retracement and looks to be a good profit taking point to take some position off, for short term traders.

Same chart with the addition of SPY, QQQ, DIA and GLD to show silver's volatile price action has effected Aurcana and moving drastically independent of the overall equity market and even gold. One of the reasons I love the junior resource sector.

$0.90 per share is a fair price for Aurcana in the current environment. With a floor of $0.68 and a ceiling just above $1.08, this will create some volatile price action on the way back up. Even if silver maintains it's correction, the share price should rebound somewhat. I like the company in the medium term from these levels and think Aurcana has further potential to expand production even more.

charts @
national economist

Nice slow recovery here.

It's funny there was some much good news coming out while the pps was crashing, and most all noise is about Pope now, Silver Spruce has quite a few other very attractive projects.

Just a sick buy at these levels.

I just got out of NBRI to get in more SSEBF.

What a lovely world.

I might do a write up on my blog to explain Liberty Star a bit.

I'm no Super Gold Rush, but I know a good bit about the company.

And it can't hurt to get the word out.

Liberty Star is better than gold, $1425/oz is rational considering global M0 is essentially equivalent in value to the total above ground supply of gold at any point in time (in recent history).

Liberty Star at 3 cents is not rational, as many in this (excuse me) fu****g ginormous thread have explained. The market has very little awareness of LBSR, only the sector nuts who focus on micro caps (no offense to us).

Have a great day sirs.

Double down imo

Pele Mountain Resources bounced off it's previous support moving into time zone #1 (chart updated yesterday). The 0.25 level is holding. Though we could see a temporary ceiling at 0.32 where resistance was previously discovered, which is now exactly at the 23.6 fibonacci. A 38.2 retracement would yield 52%.

http://nationaleconomist.blogspot.com/

just updated

Pele is a great buy here imo.

The whole sector fell off a cliff, safe to say the supply/demand dynamics are still in great imbalance and Strathmore is a great buy here imo.



Strathmore Minerals had a small rebound this morning. After a hard and fast sell off in the wake of the Japanese disaster, though the disaster is ongoing, I feel Starthmore is oversold. This morning the market agreed and after passing into my Fibonacci time zone #1, it has begun it's recovery. Just a 23.6 retracement to 0.88 would yield a 29.4% return. I expect a 50.0 retracement to 1.14 within the next 12 months, yielding at least 67.6% from these levels.

Remember what Bernard Baruch said while we are on the way back up, "I got rich selling too early." Profit taking points should be the end of every successful trading strategy.

http://nationaleconomist.blogspot.com/

Just updated.

Fukishima

Doubled position in Strathmore.

SALE!

I have again doubled my position in Pele.

So you sell when there is fear in the streets, I would buy.

Do you think LBSR is worth less than $20mil? If so you should have sold a while back.

http://nationaleconomist.blogspot.com/

Most companies in the Junior resource sector experience parabolic price movement in September and November and went on to exceed even the most optimistic analyst's short term projections. A sizable correction is a necessary, healthy and normal part of start of a re-emergent bull market. Though much of this correction is due to the overall correlation with the equity market (0.3 correlation to the NASDAQ with most major ree stocks) and commodity markets (0.4 correlation to commodity baskets).

Some insight into the fundamentals of the original jump. From 2007 some of rare earth oxides have risen by over 1000%, samarium oxide was $3.60/kg in 2007, $14.40/kg in the 2nd quarter of 2010 and $36.38/kg by Q4 of 2010...



Medallion Resources MDL.V (otc: MLLOF) is trading at par with the support level of the second wave up (most of the smaller cap ree companies experienced a traditional Elliott Wave, three up two down pattern) and is a great value at this price. Indicators also point to Medallion being oversold.

Most of the micro cap ree companies are not going to dip below their "2nd wave price per share" based on the fact that the underlying commodities they represent currently justify those levels. Let us not forget many of these Canadian and Scandinavian mining and exploration activities are less active in the colder months and hence produce less news to bolster the investors bullish outlook on individual stocks. Additionally we are headed into April, the strongest month for stocks since 1959, 40 months was April up, 20 months April was down (average gain 1.4% for the S&P and 2.0% for the Dow).

So when you are checking up on your portfolio and see the ree microcaps (and even the majors REE, MCP, TASXF) down again, don't panic, buy more.

I am nearly doubling my Pele holdings.

...Medallion Resources MDL.V (otc: MLLOF) is trading at par with the support level of the second wave up (most of the smaller cap ree companies experienced a traditional Elliott Wave, three up two down pattern) and is a great value at this price. Indicators also point to Medallion being oversold.

Another similar ticker is Pele Mountain Resources GEM.V (otc: PMNHF). Though Pele is trading at the top range of the second wave, there is pretty hard support at $0.33 and could easily reverse the trends at this point. Also Pele isn't showing itself to be as oversold based on indicators, but should rebound quite nicely from here.



http://nationaleconomist.blogspot.com/

Let's do it, this company is a great value.

The correction has essentially run it's course. Silver Spruce Resources has plenty of short term support at $0.14 (though we did see an intraday breach of this level on 3/10/2011) and the MACD, the Elliott Wave oscillator (and other indicators) show the stock likely being currently oversold. With just over 109,000,000 shares, fully diluted, this company is currently dirt cheap. I have charted Silver Spruce (otc: SSEBF) from January 2010 to show the deep correction trending down to support.



I included two other tickers, with similar technical consolidation.

http://nationaleconomist.blogspot.com/

See you soon hopie.

Just doubled my SSEBF position.

more at the national economist

The annual world demand for gold in 2010 was just shy of 4,000 tonnes (mind you there are 35,273.9619 ounces in a tonne). Total world demand for gold is up 9-10% year over year (YoY), the investment dynamics point to a shift from electronic exposure to physical bullion and the value of the gold demand in dollars increased 38%. A YoY decrease of 45% for OTC and stockflows (like GLD) and an increase in physical bar investment of 56% shows that investors are fleeing the derivatives and getting physical.

Hmm...

Anyone think, LBSR might be holding back any Super Pipes info while the ban in the Northern Segregation area is still in place. I think July 21 or 22nd we have good news. We'll see.

Bought more shares friday @ $0.0365 this raises my basis a bit, but as many of you... I have made a valuation of the good, the bad and the ugly and in all scenarios, LBSR is worth substantially more than $20-25 million (obviously).

Not sure if the charts will load...





Building a technical rounded bottom in U308. See you at $120 after a little consolidation.

last portion of an email from G. Jeffery @ Xstate regarding my questions about the old partnership with LBSR and any future scenarios...


...We have no partnership and are now an oil and gas company.
Regards
Gary Jeffery
MD

They went broke and are XST:AU, market cap just above $8 million (not diluted), I have no opinion in them now but had contacted them a little while back, and actually one of the kind investorshub people (SGR, milo, i don't remember) answered a slightly loaded question I posed ( and very well I might add).

to be complete our DD

U5 < UB40 < U2

With all due respect, a company partnered with Liberty Star does have something to do with Liberty Star, to say otherwise is nothing short of incorrect.

When a neighboring mineralized area that may contain ore bodies similar to NAK's peeble, which I linked to, provides greater insight into the area than anything LBSR has ever done, we'll sit wait and maybe see what NAK did on the LBSR pebble, but for now NAK's peeble is most certainly relevant to LBSR.

You said couple things that made me laugh:
"we are not a 20 dollar stock sitting on proven reserves"
No sh**, it was obvious from my post this was not the LBSR pebble but the NAK pebble.


"which is a violation and should be deleted."
A violation... sue me in the world court. (insert your own childish smiley here ______ )

Have a nice day.

Great buying opportunity for people with CVVUF on their watchlist.