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« Agnico-Eagle Mines Limited Options Update | Main | The Biggest Financial Deception of the Decade »
Thursday
Jan072010

High River Gold Up 27.14% Today

HRG Chart 08 Jan 2010.JPG

High River Gold Mines Limited (HRG) was the standout performer today despite the metals sector being a tad off colour. As we can see from the above chart HRG is coming back to life in spectacular fashion as this spike in the stock price clearly demonstrates. The technical indicators are pushing against the ceiling and are well and truly in the overbought zone.

However as regular readers know this is no ordinary gold play as this stock is still undervalued and has some way to go before it regains its former glory.

Scanning the air waves we could not find a unique news item that would justify todays move, we can only hope that the recovery continues and that we get back to where we once were.

Got a comment then please add it to this article, all opinions are welcome.

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Reader Comments (10)

We are very flabbergasted with the comeback of HRG
Have been waiting for a long time now. But it goes to show that patients is a virtue.
Origenaly we had a position @.60 when it sank k k k k k
then later we picked up more @ .16
Just look at it today JAN 7 2010
To good to be true..............
HAVE A NICE DAY
THE HERMENATOR

January 7, 2010 | Unregistered CommenterHERMENATOR

Congrats!
I wish Silverado did the same. What do you think: We lost our money or need more patience?

January 8, 2010 | Unregistered CommenterToni

I think it is okay to be patient only if the stock is gold/silver related.

Bob,

Do you see three white soldiers with HRG.to? The money flow has been quite good.

If you buy more again, please alert us.

January 8, 2010 | Unregistered Commenterep

Bob,

Watching NGD.to? Some movements there!!! Waiting to see if three white soldiers are formed.

January 8, 2010 | Unregistered Commenterep

You will see four white soldiers {NGD}
sooner than you think.................

Patience applies to most stocks lost in {purgatory}
you never know when a white angel will send it back
for another round.
It has happened to me on other occasions.
HAVE A NICE DAY

January 8, 2010 | Unregistered CommenterHERMENATOR

Talking on Silverado, I can't beleive this. I just saw the chart and is about to make a nice W, suggesting by the double bottom that the stock has finally found support. Then they has just yesterday released a new Updated 2009 Mineral Resource Estimates for Workman's and Pringle Bench Gold and Antimony Deposits at Nolan Creek. It accounts for about Probable 17000 Oz of gold and 10 tons of antimony. Besides, about Indicated and Infered 15000 Oz of gold and 10 tons of antimony. They show a map of the property and the size of the probable reserves is no larger than a small farm, so looks feasible to develop cheaply. December volume portarys a nice volume signal and sustained buys, so I think it's fair to give a serious look to add more stock at $0.008. How about that?. Who dares?. Please, let us know.
Good luck!

January 8, 2010 | Unregistered CommenterToni

Silverado ? In 1999 the stock was .11 {With all due respect.}
To this day this exploration company has drilled so many holes in Alaska that the area looks like a spaghetti strainer
I know you have to explore to get any results.
to this date ten years later the stock has gone to .0008
I don't want to sound pessimistic, but i don't see any hope for them unless they merge.
A few years ago i was contemplating on a major position in silverado but instead i bought a silverado pick up truck.
You would say very funny, you are just making fun of this.
Not at all, but after my research of this outfit i said it would be better to invest in (SVM)Which to this day has been very good to me, or should i say profitable........
If you have the chance to wait so you don't loos to much take the opportunity and move on.If i would have taken on silverado i would really be upset at this point&time.
So i can just imagine how some holders feel.
I could just go on & on about this stock. {All the best of luck}
HAVE A NICE DAY

January 8, 2010 | Unregistered CommenterHERMENATOR

Team,

As you know we sold the lions share of our holding in Silerado some time ago, we now retain a tiny amount of stock in the event that they fall over the mother load one day, but we are not holding our breath.

January 9, 2010 | Unregistered CommenterGold Prices

Now that we have this silverado issue behind us
let's see how HRG is doing '' @ the moment'' not so good because the shorts did their thing. People just can't be patient enough to see a good thing.
Don't sell but buy, & if you can't buy hold on to what you have because it will only escalate & go up.
If only people could understand this we could all make some serious returns.
But don't worry because this thing is going to rise up up...
That being all said let's here some insight & opinions concerning HRG

HAVE A NICE DAY

January 12, 2010 | Unregistered CommenterHERMENATOR

There were noises that HRG could be a take-over target BEFORE the plunge last year.

No three white soldiers with NGD.to but many buy recommendations issued lately. Of course, I don't go by what the brokers say.

WDO.to is another one to check out.

January 12, 2010 | Unregistered Commenterep

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