Daily Digger - Mon. 5/9 to Fri. 5/13, '05

[Gold Majestic]

PMS Technicals and stuff:

From Friday da thoiteenth

 

Advancers 16

Decliners  73

%Bullish    3% - Ugly as usual.

 

Short Term Bullish

ADGD - Nice move. A ThorAss reco that one.

 

New Bullish

Sorry none to report, maybe Moonday.

 

Bullish PMS Stocks Longer Term

GOLD

GPXM - This one has already doubled in price off its low of a couple of weeks ago going from 9 to 18 cents before pulling back a little.

GRS

MDU

MRB

RGLD

RIC

USGL

 

Currently the only stocks in the 3% bullish camp are:

GPXM

RIC

and my all time favourite (because of the name)

THMG - Thunder Mountain Gold 

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New Bullish

"Sorry none to report, maybe Moonday"

 

Since you're including penny stocks, here's one in my portfolio, Entree Gold (ETG.V) (~5%), that has its properties next to IVN in Mongolia. It has a nice breakout on excellent news that IVN's hole #EGD008, drilled approximately 450 metres northeast of and parallel to hole EGD006 (which was 5 meters inside Entree's ground), has intersected approximately 120 metres of very strong chalcopyrite and bornite (copper sulphide) mineralization with minor visible gold associated with bornite, beginning at a downhole depth of 1,380 metres. The drill remains in mineralization and continues downward. The grades of this hole will be known in a month but it it easy to bet that they will likely to resemble hole EGD006. Two more holes, EGD007 and EGD010 are currently at depth near 1000 meters, one is 600 meters north of EGD006 and the other at 1.2km north of EGD006. The results of EGD008 means that the huge copper/gold rich Hugo

deposit in Mongolia is now expanding onto Entree Gold's ground. ETG is still halted.

 

http://ca.us.biz.yahoo.com/bw/050513/135428.html?.v=1

 

"Recently-completed hole EGD006, collared on Entree's Lookout Hill, five metres north of the Oyu Tolgoi boundary, intersected 258 metres grading 2.56% copper and 1.17 g/t gold, with 108 metres of 4.63% copper and 2.06 g/t gold (copper equivalent grade of 5.94%), starting at a depth of 1008 metres. Hole EGD006A, a navi-drill daughter hole from EGD006 to test the downward extension of the mineralization 80 metres down dip, has intersected approximately 200 metres of visibly very strong bornite-dominated, copper mineralization, starting at 1146 metres down hole, with a true depth of 1125 metres below surface. The hole also intersected 112 metres of moderate to strong chalcopyrite mineralization, beginning at 1038 metres down-hole, which continued to the start of the higher-grade and deeper, bornite-rich zone at 1146 metres. The hole is currently drilling at 1320 metres in very strong, bornite-rich mineralization."

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Anyone buy the breakout or add to positions? Anyone take profits?