I hear a lot of analysts remark about chart painting and such and that values should be higher. This could be true but I continue to be influenced by my own perception of things, including my take on charts. To be honest, the whole gold stock sector just looks ugly based on the graphs. Although things aren't inviting for prospective share buyers on the surface at the moment, and there could be a strong contrarian position held, I prefer to look at long term moving average lines as opposed to the shorter term ones that everyone speaks of plus all the talk.

I publicly called a turn in gold years back when the metal surmounted its 5000 day moving average line back at about $400. In regards to Probe, there isn't one that I can locate so I go to the next best one, the 1000 day line. Today, Probe's 1000 day average is advancing and is at about $0.87. I guess if Probe break that line, in the technical world, then things could be over for the shares unless they come right back. For the time being, 87 cents is major long term support. If that level gets touched or if prices get very close to it, I'll flip some gold coins and suck up some more shares.

Probe has another technical plus going for it and that is it is picking up support at the $1 level. It doesn't make any difference if it sells a little below because this important area should take all types of punishing llquidation abuse from the shorts and the non-believers alike. With the $0.87 figure so nearby, the technicals at the moment look quite favorable for any new believers and the mainstay holders that that want to expand their current holdings.

The Gold/XAU Index today is 10.74. During the 2008 crash it briefly passed 11 and may have hit 11.40 for a moment until the tide changed and that was it. If you were smart or just well informed that was the time back then to sell a portion of your gold bullion and buy the shares. Are we approaching such an opportunity again?