Friday Gold Closes Above $1,002.20, We Go Positive on Gold

We are now positive on gold and purchased Minefinders (MFN) on Friday just before the close. We were waiting for a sign gold would close above $1,002.20, which happened after the stock market closed on Friday.

Breakout pattern in gold:
Jim Dines Interview - Part One

Jim Dines Interview - Part Two

MINEFINDERS (MFN) UPDATE: On Monday morning, Minefinders had a press release on their Bolsa property, the first paragraph: Minefinders is pleased to report the first NI 43-101 compliant resource estimation for its 100 percent owned La Bolsa property located in northern Sonora, Mexico. At a nominal 0.25 grams per tonne ("gpt") gold cutoff, the measured and indicated resource estimate includes 15.9 million tonnes grading 0.706 gpt gold and 9.4 gpt silver totaling 360,000 ounces of gold and 4.8 million ounces of silver. An additional 47,000 ounces of gold with 480,000 ounces of silver at the same cutoff are classified as inferred resources.

Its Just Time by Martin Armstrong - The decline and fall of the United States? The global financial system? Or capitalism?

Investment Book - Beyond Candlesticks by Steve Nison
--Beyond Candlesticks - Steve Nison