Gold production & exploration

Seabee Mine, Saskatchewan - Madsen Mine, Red Lake On

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Message: The amazing Claude

The amazing Claude

posted on Feb 04, 2009 03:57PM

CRJ looks to be acting like a real champ today at $0.75, up $0.07. A few days back Claude looked like it was going to take at well deserved rest at the $0.63 - $0.65 area but oh no, it continued to push through its 200 day average like there was no significance to it at all. I like this kind of action. By closing at $0.75 today it accomplished another important feat, it traded higher right past a two year long declining trendline at $0.66. Claude appears to have asserted its presence as an improved gold producer with a bright future with its recent market action. The market has generated positive enthusiasm for the shares since ful'o'gas reported on the 3rd Claude's improving recent drilling results for gold.

It looks to me, athough CRJ is moving at a good clip, that Claude may be in the process of seeking out the $0.85 level, its next expected resting area.

Go Claude !

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