Thanks Bog and mrg (and Eric O) for all of the great picks/opportunities/etc.  I just started picking through the list to get an idea for which companies I'd be interested in and, as is my want, I started looking at their charts looking for good entry points.  I don't expect much from pennies but if something pops out, well no harm can come from doodling on a stockchart.

As I come up with charts that look interesting I'll post them here as a help.

First up: GMV Minerals (I like low float stocks more than others, so I'll start with those, <100M sh. out).

http://www.flickr.com/photos/29681681@N06/6054584196/

Analysis:

Nicely defined up channel delineated by the thick blue lines.  Confluence of support mechanisms around the $0.36 area.  It looked like it wanted to hold $0.45 but the turmoil from the DOW spilled over in these past two weeks and we saw a price break.  W/O looking at daily charts I can't tell if that's accumulation into stronger hand or not.  I'd guess it was. A close above the upper line of the descending triangle is a safe entry point it could achieve that by holding the 61.8% fib line and trading sideways for a month or break sharply higher in the next two weeks.  If you want to accumulate, do so down to $0.28-$0.30 or so as there should be a decision point in market sentiment, ie. hitting the low point of the uptrend channel, which corresponds with the June 10 interim top.  In my mind there's not a lot of downside risk unless the channel is violated, then it's anyone's guess.

I may be a buyer in the next couple of weeks depending on how other things shake out.  Love the low float and the price.  Small lots, 500-1000 shares at a time.

Ta,

I was reading an interview with Peter Grandich and he's raised his long term gold target to $2350...does that make any trading sense?

Grandich on the New Gold Rush

Part 1 of an August 16 Interview

By Kevin Michael Grace

Q: You were at the GATA conference in London. What did you take away from that?

A: I’ve never attended a better conference. With no disrespect to others, I find that many times when I’m sitting in a room at conferences, at least part of the speakers’ presentation is some sort of sales pitch. The GATA conference was just chalk full of information, a lot of it from people who provided insight into things I didn’t think of or know of. And this is coming from somebody who thinks he has a fair grasp of what’s happening in his world. I found it extremely useful, I guess because many of the people who spoke there were among the small minority of people worldwide over these last several years who envisioned everything that was playing out before us as we were at this conference.

Q: It has become a commonplace that gold is now seen as a haven by people who are betting against the world economic regime. How widespread do you think that this belief is going to become, and how do you think that will affect the price of gold?

A: I think it’s kicking into a higher gear only now. I think that up until a few weeks ago the vast majority of people—particularly individuals and small to mid-sized professionals—scoffed at any thought that gold was becoming more than an “overvalued relic,” not money, blah, blah, blah. Then a lot of things happened around the world simultaneously, and people realized that neither the dollar nor the euro or any other major currency is a safe haven any longer. And people woke up to the fact that, oh boy, maybe this gold story is real, that it’s the only safe place to be and that maybe I need to look at it. That’s what I think has changed in the last 30 days or so. I suspect, and it’s one of the reasons I recently raised my long-term gold target by about 15% from $2,000 to $2,350, that the number of potential players has increased, and this will continue to take some of the money that might have flowed into financial assets. During the last great bull market for gold, in the 1970s to early 1980s, we saw gold become about 4% to 5% of the typical portfolio. It has since fallen to less than 1% of the typical portfolio, so if we get that type of interest again or anything close to it, we still have a lot of upside in the price.

Read the rest of the interview here

BagOfGold,

I think your take on Grandich is insightful.

Perhaps you've noticed, too, that for a guy who professes his Christian faith frequently, he has a tendency to take cheap shots at others and often act in an un-Christian manner. This adds to my unfavorable opinion on the guy.

He's had success in promoting juniors, but he's also had some severe misses and, as you noted, seems to have trouble owning up to the mistakes. And you don't want to be a company that ends a "working relationship" with him. Hell hath no fury like ......

He's no worse than many of his ilk, but his self-righteous bent heightens the negative vibe of his shortcomings.

http://www.corebox.net/drill_interval_calculator

Just came across this calculator from an interview with Brent Cook I found on an HDG board (one of my few explorers).  Looks sorta nifty when long intervals are reported with subset info.  As Brent was describing it, when you really want to have a large vein of evenly distributed gold, the high gpt but narrow intercepts can skew the gpt over the total strike length as its included, ie a 100 mtr intercept that includes 3 meters at 18 gpt is really 97 meters of .474 gpt plus 3 meters at 18 gpt - which may not be nearly as juicy to mine.  

>>a 100 mtr intercept that includes 3 meters at 18 gpt is really 97 meters of .474 gpt plus 3 meters at 18 gpt

meant to say a 100 mtr intercept of 1 gpt that includes....

It will still tend to oversimplify, but its pretty amazing to run some actual p/r numbers through it.  Take HDG for instance, which is selling off from news last week.  It's a AZ mine where .5 gpt can still be mined for 500 an ounce.   They had one hole of 46 meters at .49gpt, which again isn't bad for there.  But it included 9 mtrs at 1.68, which means the other 37 meters avgs just .2gpt.   Hence everyone on the board wondering why they are getting plastered - but the calculator shines a new light on it.

Alto Ventures Ltd.: 5.56 g/t Gold over 3.5 Metres Intersected at the East Coldstream Deposit, Ontario

http://www.marketwire.com/press-release/alto-ventures-ltd-556-g-t-gold-o...

First of all between the TF Metals site and the Kitco site the work that the two of you have provided is really outstanding. The combination of the recognition of the drill results and geology by Bag of gold and the technical analysis and financial overview by Mrgneiss really stand out compared to other newsletter services.

My specific question relates back to 2008 during the financial crisis. It appears we are close to a repeat of another financial crisis within the next few months. Were the two of you working together during the 2008 crisis? Did you do any back testing of the pennies going into the crash and coming out of the crash? I would appreciate any feedback you have with your portfolio's during that timeframe.

Remembering 2008 very well I have been accumulating cash in anticipation of another major market sell off that takes everything down with it and then applying it when the timing and risk is appropriate. That being said the entry points from a TA standpoint are about as good as you can get with several of your recommendations. I understand the tranche method of scaling in but should one wait for more overall market confirmations before taking initial positions if another 2008 is looming?

Once again your service to all of us is greatly appreciated.