Applied Minerals Inc (AMNL)

[Waitedg]

Still believe the public perception of ALMI is basically as a mining stock and the price of gold and silver are relevant until the reality of "the clay" kicks in. Thus important to evaluate gold and silver trends.

Barchart.com is best place I have found to do so. Click on Futures, then metals. Finally, the last three columns of June gold and July silver are important--particularly the middle column on charts--is very helpful. Believe 392 gold is a pivotal price. We are about there now. Watching the trend now will indicate whether recent rise was merely a short term uptrend in a longer term down trend--or a reversal. Think this (and July futures in silver) are relevant factors in price of ALMI until Dragon Mines is "discovered" by the investment public.

A downtrend in gold now below 385 might even mean a break down below the .15 resistance level in stock-- short term. I am betting price will likely not drop below .15 or .16. But it is good to evaluate both sides of the equation. Waitedg