Replies to post #15625 on ~*~Mining and Metals Du Jour~*~

[Phatlander]

I was looking at the head and shoulders bottom you were pointing out and noticed by the dates the charting is event driven. Event 1 on Oct 23 was a PR for a significant discovery, thus the sharp uptick.
http://www.garibaldiresources.com/s/NewsReleases.asp?ReportID=680156&_Type=News-Releases&_Title=Garibaldi-Makes-New-Surface-Discovery-North-of-Silver-Eagle
Event 2 was the private placement of 5,000,000 shares at $.20 to provide $1,000,000.00 to fund fast track drilling of the new high grade discovery, creating the $.20 level of support and resistance. (Deep pockets supporting this?)
http://www.garibaldiresources.com/s/NewsReleases.asp?ReportID=682429&_Type=News-Releases&_Title=Garibaldi-Arranges-1-Million-Financing-To-Fast-Track-Drilling-At-High-Grade...

Is the current $.1744 a bargain? We will likely find out next event, eh? But the events explain why this hasn't followed the trend of the sector.
Hope everyone had a nice Thanksgiving. Just finished with the family festivities.