Canada Cobalt Works (CCW/CCWOF)
Lastly, CCW is about two sessions away from triggering a "golden cross". This is a basic bullish technical signal, when the 50 day moving average crosses the 200 DMA. It shows that a rally is accelerating and traders follow these triggered patterns often. It's definitely a good sign in the short-intermediate term for CCW, my top silver junior pick for the first half of 2020.
There are so many things going on between their underground work at the Castle mine, to drilling soon at Castle East looking for a new exciting discovery, to tailings producing silver at their Beaver project (patented ground-no need for additional permits), to the Polymet lab acquisition where they are actively producing silver bars, to Re-2ox their clean processing technology, that any one of these areas of focus could cause a big pop in price!
Castle East is shaping up to be a potentially game changing new discovery that was referenced in the press release on Monday, when CCW signed on a new VP of Exploration from Kirkland Lake Gold (bold is mine):
"I'm really excited to take this position with Canada Cobalt as the company has clearly emerged as the district leader among juniors in exploration, technology and development possibilities at a key point in the metals cycle," stated Mr. Halliday. "At Castle there are multiple initiatives to focus on including a fresh drill program from surface before Christmas as we target a potential new deposit at Castle East within just two kilometres of the three past Gowganda producers. The PolyMet acquisition is icing on the cake as it vertically integrates Canada Cobalt and adds an array of dynamic new opportunities to grow the company."
Canada Cobalt Works has a history of bucking the trend of the venture exchange and when it moves, it moves BIG! Just look at the long term monthly chart below. The top of this very consistent trend line leads it right to 2 DOLLARS per share CDN and the arch starting to turn up on the right, is just starting! Look at the last 3 big runs, they all happened within a very condensed 2-3 month time line.
Could CCW run to $1.50-$2 by the end of February?? We'll see, but I sure am glad I'm loaded up in this one! CCW is a buy under .45 CDN and time is of the essence to get at least a half position on the books. Hope for one more pullback on a second half position, but the risk is not owning any at this juncture, in case it explodes fast like it has in the past. This one isn't going to quiet down, to the contrary...
Gold Investment Letter
Sincerely,
Eric Muschinski
Gold Investment Letter
eric@phenom.ventures
It is easy to figure out what you believe. The difficulty lies in determining - is what you believe the truth.
