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The Company's Eagle Gold Project in Yukon Canada hosts a National Instrument 43-101 compliant Reserve of 2.3 million ounces of gold.

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Message: Time To Add to VIT @1.29 - A 50% Correction of Recent Upmove
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Time To Add to VIT @1.29 - A 50% Correction of Recent Upmove

posted on Jan 04, 2008 06:32AM

Refer to the chart I posted on VIT's power up-trend. The top the power up trend channel line that I drew identified the top of VIT's upmove for traders @ 1.53. This last up-move came from 1.06. A 50% correction of the upmove from 1.06 to 1.53 is a perfectly normal occurance. 1.29 represents a 50% correction and that is where I would recommend adding to existing positions, or for new investors to initiate a new position. I fully expect to see many surges up in VIT followed by similar corrections. These corrections provide you with a great opportunity to build a sizable position. Personally, I have used the same approach to build my sizable position in this stock.
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