TODAY'S DISCOVERY, TOMORROW'S FUTURE

Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.

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Message: gut check days...

First off, I think gold at 5000 is up there with the prediction I heard on late nite radio a few yrs back that aliens would land on the white house lawn and have a press conference with Clinton.  I'll believe it when I see it, not holding my breath. 

Second, I have been spanked by Mr Market this week, have sold some positions (usually due to stop losses) and have some cash waiting till the waters calm.  I have not sold KXL, in fact bought more today.  I love the book on tycoon Jesse Livermore "How to Trade in Stocks", and remembered that he said that if a stock was acting right, he would hold it through a normal reaction (correction).  He also said that most investors hope when they should fear, feel fear when they should hope.  KXL's chart shows a normal correction, the trend is still upward, news coming out.  I think we should be hopeful.  The stock is acting normally, and is where it was 2 days ago or so. 

I am also comforted on KXL by thinking back to the summer when  a NR came out talking about great gold potential at Herc.  I'd have to look back, but I think the market, and most of us, yawned. 

I think the Sleeping Giant MAY be a big thing.  Why would they drill a nickle target on a gold property that has so much potential otherwise?  I also remember posters on SH talk about Mr Phelps adressing the shareholders stating that they were working hard to increase shareholder value.  I think this is one of those things, and may be a subtle signal to us that there is more good things to come.

This week has been a bit of a gut check for me, but not my KXL!  Onwards and upwards, and happy capitalism!

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