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In my Material Profits July issue, I wrote an article about Spanish silver coins. After Spain conquered the Aztecs and the Incas, they had their hands on prime silver real estate. Some of those areas are still hotbeds for silver mining.
I also mentioned two companies that control some very promising property in Mexico. They were Silverstone Resources Corp. (SST:TSX-V) and EXMIN Resources, Inc. (EXM:TSX-V).
Both companies have similar charts, and both have been hit by the shaky August credit crunch and the Toronto Venture Exchange’s poor performance lately. But the end is in sight, particularly for Silverstone Resources. The stock appears to be completing a rounded top formation -- a bullish pattern that rises an average 37%.
Charles Bulkowski says that rounded top patterns generally have higher volume near the end of the pattern, which we’re seeing.
We’re currently seeing a slight bounce here, but the pattern will not be confirmed until we reach the top of the dome at CDN$3.60. By the way, that 37% average rise starts from the confirmation point.
That means, from the current price at around CDN$1.59 (at the time of this writing), that’s a gain of 210%.
Play cautiously, though. Rounded tops can experience some wicked throwbacks, and Silverstone is a bit of an aggressive play. Consider yourself warned.
If you’re looking for some safer ways to play silver, I’ve got a special report I’ll be releasing with some interesting options for you. Stay tuned to get your copy.
S.R. Nunnally
Editor, Material Profits
Europe’s new energy roadmap is turning five tiny energy companies into “The Green Fab Five” of 2007. Early investors in the “The Green Fab Five” are well positioned to see gains of 330% over the next eight months!
The European Commission declared war against the OPEC nations in early January when it made a decision to shift 20% of its energy purchases away from oil-based products to renewable energy sources. This unprecedented move has OPEC leaders crying, “foul,” while at the same time The Green Fab Five is seeing huge green profits.
Smart investors that get in now, before the mainstream media starts running with this story, could see at least a 330% gain within eight months.
Get more details on how to join a savvy group of investors that have already decided to profit from this opportunity.
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