April and May have been crazy months in the market. We saw that one day market melt down that took the TSX down over 400 point in just 10min's and we saw the DOW drop 1000 points. Was this a glich or did the market really melt down?? We will never really know. Gold has finally made a new all time high and I have been day trading some of the big cap gold producers, especially Goldcorp. I day traded Gammon Gold yesterday and will probably buy back in today for a longer term hold. Gammon Gold has been beaten down and it's not that far off it's 52wk low. Great Basin Gold- GBG is almost ready for production. By the end of June they should be producing out of their Burnstone Project in Africa. GBG will be a 370,000oz gold producer. It currently trades at $1.86- "Cheap". I also took a position in SAS-St.Andrew Goldfields. SAS will be a 100,000oz. gold producer very soon. I would also like to say that Exeter Resources-XRC was a gift last week under $7.00.

What was said on my Stockhouse Blog: Yesterday I posted this article that I bought Amarc Resources-AHR - "It's under the radar".

Amarc Resources is part of the Hunter Dickinson Group. These are the folks who are behind the success of many well known mining companies- Northern Dynasty Minerals-NDM, Taseko Mines-TKO, Continental Minerals-KMK, Farallon Mining-FAN, Anooraq Resource-ARQ, Heatherdale Resources-HTR and Amarc Resources-AHR. They are also behind the success of Great Basin Gold-GBG.

Amarc Resource will be drilling their Newton Gold Project this summer. This is going to be a very aggressive drilling programming. Their 2009 drill intercepts were very positive- New Gold Discovery. The Newton project is located next door to Taseko's Prosperity Gold Project-13mil.oz, and in the same region as Imperial Metals -Polley Mine and Taseko's Gibraltar Mine. Amarc Resource could be sitting on a multi-million oz. gold deposit and billions of lbs. of copper. I believe the best is yet to come. Management will probably start promoting the company as drilling gets ready to start. This stock is still under the radar and is trading at a very attractive price.

Ronald Thiessen is the President and CEO and Robert Dickinson is Executive Chairman.

I have added the company corp. presentation: http://www.amarcresources.com/i/ahr/pdf/AHR_DN_Mar2010.pdf

I will have full coverage on Amarc Resources on my May Update Page soon.

Please visit my Blog on Stockhouse.com for more update posts and buys. Aka:LexLuthor2

PLUS: Peter Grandich will have a Update Page on Lex Corp News Letter