Pan American Goldfields Ltd. (fka MXOM)

[railrider]

"Gold appears to be slowly rebuilding. It will be interesting to see what it will do on this reaction. Support awaits at $1,425, more at $1,400. I've about decided we won't see a lower low. More likely seems a higher low, maybe even to $1,350. I'm looking to buy.

Silver tripped a bit, but remained within its ascending channel and above the uptrend line. Low came at 2350c, so there were enough buyers there to stop silver's fall. Silver is setting up differently to gold. Let's see if it drops out of that channel tomorrow. If not, I'll have to think seriously about buying hard. Here's the silver chart: http://bit.ly/YDJ58R

Silver & gold are working their way toward a resolution and upside reversal. Seasonally we might have already seen the low, or it could stretch into June. Just remain patient, keep your eyes on the horizon."

http://the-moneychanger.com/commentary