Sprit Exploration Inc. (fka SPXP)

[chrismatthews71]

"SPXP- Absolutely Vital Information!"

Intraday Report
Brought To You By Bones

Today was an absolutely huge day for SPXP.

Now that SPXP has broken out and closed above our previous high of $3.42, I believe that the sky is the limit for this stock!

Since SPXP has no resistance down here, we basically have nowhere to go except up!

On the fundamental side of things......

The dollar sank to what feels like its millionth new low against the euro earlier today on expectations that the Federal Reserve will cut interest rates at their two-day meeting that starts tomorrow.

The Fed cut rates for the first time in more than four years last month to stimulate a slowing economy and mitigate the effects of a credit crunch.

The consensus is that the Fed will cut rates again either at this week's meeting, or at their next meeting in December.

This inevitable rate cut will put further pressure on the already-weak dollar which will continue to force investors to buy tangible assets with intrinsic value (ie: gold, oil, etc.).

As I'm sure you are all aware by now......nothing is hotter than commodities currently, and the two hottest commodities are gold and oil (no surprise there either).

Many experts are predicting that oil may peak around $100 before pulling back.

With oil hitting an all-time high of $93 this morning, that $100 mark is not too far off at all.

On the other hand, the $1,000+ per ounce target most experts are putting on gold is still $210 away from gold's current price of $790 per ounce.

I believe that gold has much more upside potential from current prices than does oil.

Money is flowing into commodities like crazy and there is no hotter commodity currently, with more upside potential, than gold!

With investors scouring the market for the best gold stock more now than ever before, I believe that they will find what they are looking for with SPXP!

Also keep in mind that SPXP has released a very steady stream of incredible news pieces these past few weeks and I would expect that trend to continue.

There's no telling what great news SPXP could release next, but I bet it will be B-I-G!

With this combination of incredible fundamentals as well as very positive and exciting press releases behind this company, I believe very strongly that we've only seen the tip of the iceberg of how huge of a gold play SPXP is about to become!

Remember where you heard about SPXP first!!!!!!

-Bones
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