Friday, December 18, 2009

And now a word from our sponsor... NFTRH

On November 25, despite a less than bullish view on the precious metals sector due to over bought and over bullish conditions, I found a nice chart and alerted subscribers in an email update. The company is Sabina Silver & Gold, SBB.to, which was bought back in Armageddon '08 and sold for hefty profit. The weekly breakout put it back on radar.



The above chart shows the buy in the low 1's as it re-tested the weekly breakout. Today, with much less risk in the sector, I personally still hold SBB.to with another 17% gain. Like I said before, sometimes ya just gotta go with the chart.



Sabina is a financially sound explorer with nice properties. It is also speculative as it produces nothing. I am not recommending this stock now because I am a stingy bottom feeder, although one could argue that it has near term upside to near 2 if January gets silly, as it sometimes does.