Barton Big is right on in gold.
We just today broke out of a bull peennant on the bullion.
I have been in RANGY and DROOY from arround a buck, and am suffering a 500% return.
Watching the Rand here closely, it is accelerating its' appreciation against the $. This is very bad for S. African golds, as mining costs rise faster than selling prices.
Moving to micro-cap golds, especially CUSIF.ob, BENGB.ob and CGCO.ob look ready to launch a Wave 3 advance, after a dramatic 4X up Wave 1 and a 50% hair cut Wave 2.
Typically one looks for Wave 3 to be 300% X the %of Wave one advance.
That means that we expect a 9-12x upmove on this run in these two stocks, by this fall. stocks I am currently playing balls to the wall.
CUSIF.ob, CGCO.ob and CUSIF.ob.......... all have three key things in common that make them a huge buy right here:
- They each have just come off multi-year bottom, had a huge 3 bagger+ Elliot Wave spike up Wave 1 up and have NOW completed Wave 2 down. They are lagging the majors, and RIGHT NOW they are entering Big wave 3 up. We all know this is the biggest and most attractive part of a bull mover. From examining the charts I expect each to have a 8 to 10 bagger (or more)move by fall. (I understand Don Sew has a type 2 buy on gold stocks out right now, that will be moving to a Type 1 shortly).
-All three are idle mining companies, which is like buying an out of the money call, HUGE upside leverage. None have significant callable debt, and basically need $350-400 stable gold prices to be 10-20 baggers. Each has proven out and high probable reserves, ready to crank it up as things improve. If you believe we are in a bull market for gold this is how the dough is made.
- All three are not really followed by "The Street" yet. Sure a couple of newsletters mentioned Cusac, but no one, I mean no one but me remembers CGCO.ob and BENG.ob in their glory days of being 30-50X higher in price then they are now.
Cusac, which I have 250,000 shares of, is prone to being highly promoted as bull markets progress, it has great fundementals, but a little push from the blabber-mouths doesn't hurt. Big range of gold ore inherited from Cyprus Amax deal, Table Mountain mine in place, all it needs is a little higher gold prices, and the latest in mining tech will make this baby hummm.
BENGB.ob. I have followed the stock for decades, currently own 200,000 shares.
It trades at $.15, but go to www.bigcharts.com and pull up a quote for bengb for the past 20 years, you can see it has traded as high as $8.
There are 2 "wild cards' that will make this one pop:
- It inherited, free of charge, the massive KingKing copper and gold range from Echo Bay, when Echo Bay had proved it up, but did not have the money to bring it into production. Effectively Benguet has a lot more ore/share going into this bull market.
- The Philipno Peso, like the South African Rand, has totally collapsed, meaning mining at Benguet will be done cheap in Peso, and sold in more valuable $US, which is what has made DROOY move like it has due to Rand collapse.
I see it moving form $.15 to at least $3 in the next 15 months, or around a 20 bagger.
Go to www.bigcharts.com and look up BENGB for the last 25 years. All the elements that took this thing to $6-7 are still in place, all we need is a little higher gold prices. The added KingKing wil insure success.
I have 115,000 shares of Commerce group (CGCO.ob), El Salvadoran national mining company basically. Mothballed by low gold prices, they have 5+ existing mines in place, 1.5 million ounces of proven + 3.5 MM probable. They are like buying gold for $3 an ounce. This stock was $10 last time gold traded over $500. I expect $3 this year on a gold move over $400, from the current .20, or a 100 bagger in three years. It has happened a half dozen times before with this one in gold bull rallies. strong buy right now for Wave 3 rise, as is BENGB.ob.
CGCO.ob is my first choice for the big money right here, but as you see I have a basket to hedge risk.
