Very good summary, Cedartree.

I would add this: that KXL left a huge gap in its ascent, and that now it is filling in the gap. This bodes very well for the future, in my view. Chartwise and without regard to the fundamentals, which are extremely good, I would have to say the stock could spend some time under $2.00 this summer, lacking a strong gold market.

I have averaged down on this stock and can find absolutely no reason to back off, fundamentally or technically.

Note the persistently strong on-balance volume, indication that despite the backing and filling going on substantially below the peaks of late 07, the stock can be said to be under accumulation much more than under distribution.

http://stockcharts.com/h-sc/ui?s=KXL...