LRDR- Pinnacle's Potential Short Term Gold Mine
We like short term trading opportunities for two main reasons:
1. The gains can sometimes shoot past 9,000% in a matter of hours or days
2. You can ride the momentum of a stock from the very beginning!
Those two reasons underpin our latest alert, LRDR.
This premier mining company specializes in the yellow metal (the same metal that is selling at $1,352 an ounce) and in recent weeks it’s been on a tear.
LRDR has opened up a bullish trading chart with market valuation tethering on the brink of an imminent breakout.
Our due diligence has left us very excited about the stunning gain potential wrapped up in the stock. Our last check suggested traders who capitalize on this solid short term gem could take home more than 830% in profits.
Our question to you is this:
Are you ready to take some of those profits? Better yet, are you ready to take all of those profits?
We hope so because access to this gold-mining gem is steeply discounted and the stock looks like it is getting ready to break past its 12-month high of 84 cents.
That could happen the next time the bell sounds so don’t hesitate to capitalize on this massively undervalued short term trading opportunity.
LRDR is boasting a very bullish trading setup with RSI solid at 53 and traders doing heavy chatting about the stock’s gain potential.
LRDR’s recently saw heavy trading with more than 1.866 million shares changing hands. The breakout volume is part of LRDR’s big move towards breakout.
LRDR’s 5-day trading profile has seen valuation increases totalling 18% and the stock’s bullish trading channel is now well defined.
LRDR is massively undervalued at 0.0900 and the stock’s 12-month high of 0.8400 cents has opened up gain potential of more than 830%.
LRDR is busy shoring up operations at its Pony Mountain Gold property and the company recently announced imminent plans to undertake geological testing of gold deposits.
LRDR can benefit from spot gold prices of more than $1,350 currently, with future projections tipping prices of between $2,000 and $5,000 an ounce for gold.
LRDR’s 50-day MA is up a whopping 350%, signalling the huge interest by traders that has prevailed in the last few months
LRDR presence in the premier gold-producing Mineral Hills District in South Western Montana bodes well for its growth potential.
LRDR (Laredo Resources Corp.) is a publicly-reporting Nevada corporation in the business of mineral exploration.
LRDR On November 2, 2012, Laredo entered into a letter agreement with Magna Management Ltd. (“Magna”) under which Laredo has been granted the exclusive right, for a period of sixty (60) days, to negotiate for the purchase of all rights held by Magna in the property known as Pony Mountain Gold.
LRDR’s Pony Mountain Gold property is comprised of an approximately 4000-acre package of properties containing several previously-mined, underground hard-rock vein systems, such as the Mountain Cliff, Strawberry-Keystone, Amy, and Atlantic-Paciﬁc (A-P) mines.
LRDR has already engaged qualified miners to help with the excavating work needed to capitalize on Pony Mountain Gold’s proven mineral deposits.
Gold Prices Makes Climb on Tepid Government Data
Gold prices tend to like bad government data and unsurprisingly, poor payroll numbers sent the yellow metal climbing recently.
A report by Bloomberg cited that gold futures rose to a three-week high after payrolls in the U.S. climbed less than projected in September, increasing speculation that the Federal Reserve will maintain monetary stimulus to boost the economy.
The addition of 148,000 workers followed a revised 193,000 rise in August, Labor Department figures showed today. The median forecast of 93 economists surveyed by Bloomberg projected an increase of 180,000. The report, delayed by the 16-day government shutdown that ended Oct. 17, was slated for Oct. 4.
“The payrolls data is pushing gold higher as investors think the economy needs more support to gain momentum,” Frank McGhee, the head dealer at Integrated Brokerage Services LLC in Chicago, said in a telephone interview.
Gold futures for December delivery climbed 2% to settle at $1,342.60 an ounce at 1:40 p.m. on the Comex in New York, after reaching $1,344.70, the highest for a most-active contract since Sept. 30.
Fed policy makers will delay reducing $85 billion in monthly bond purchases until March, according to the median estimate of 40 economists in a Bloomberg survey last week.
This year, gold has dropped 20%, heading for the first annual decline since 2000. Some investors lost faith in the metal amid a rally in U.S. equities and low inflation.
Silver futures for December delivery climbed 2.3% to $22.79 an ounce. Earlier, the price reached $22.83, the highest since Sept. 20.
On the New York Mercantile Exchange, platinum futures for January delivery increased 0.8% to $1,450.70 an ounce. The price climbed for the fifth straight session, the longest rally since December. Earlier, the commodity reached $1,452.80, the highest since Sept. 20.
Palladium futures for December delivery climbed 0.4% to $752.90 an ounce. The metal advanced for the fifth straight session, the longest rally since July. Earlier, the price reached $754.35, the highest since Aug. 27.
Other analysts are extremely bullish…
The poor payroll numbers aside, some analysts are predicting that gold could do its own dance to glory in the coming months.
Gold prices could climb to $3,500 per ounce in the next few years, well beyond double the current market price of $1,411, according to an unorthodox estimate by Citigroup Inc (NYSE:C) analyst Tom Fitzpatrick.
In an interview with the King World News blog, Fitzpatrick argues on technical and historical grounds that the long-term trend for gold is strongly bullish.
“We believe we are back into that track where gold is the hard currency of choice, and we expect for this trend to accelerate going forward,” Fitzpatrick told the blog. “We still believe that in the next couple of years we will be looking at a gold price of around $3,500.”
He also predicts that silver could reach above $100 per ounce, more than tripling its current price around $23.
Official bank estimates vary, with Barclays PLC (LON:BARC) projecting an average of $1,393 for 2013 in its latest note from Monday.
In mid-June, before some summer stabilization and the most recent upticks, HSBC Holdings plc (LON:HSBA) posted a forecast of $1,396 for gold averaged throughout 2013.
“Given investor uncertainty surrounding the Middle East, bullion has room for further gains in the near term should energy commodities including WTI [West Texas Intermediate] crude oil continue to rally, in our view,” wrote HSBC analysts in a research note on Monday.
So there you have it; gold is set to rise in the coming months, which is fantastic news for LRDR who is just about to start digging for the yellow metal.
Laredo Resources Provides Pony Mountain Update
PONY MOUNTAIN, Mont., Oct. 16, 2013 (GLOBE NEWSWIRE) -- Laredo Resources Corp. (LRDR) ("Laredo") announces that M & W Milling and Moen Excavation are now hauling from dumps of ore material located on the Pony property to a staging area at the base of the property, in order to be prepared for crushing and shipping.
The Department of Environmental Quality DEQ has issued a permit for this activity. The material will undergo testing by a resident geologist to determine the exact grades of gold in the stock piles to assist in monitoring the material before any shipment.
The dumps have already undergone bulk sampling under the direction of Moen Excavation over the past several months, and samples have been ICP scanned, which involves laboratory testing for any levels of impurities and/or contaminants, in order to eliminate any risk in subsequent processing. It is intended to move and locate a crushing plant to the staging site later this month.
The crusher has a capacity of up to 100 tons an hour depending upon the nature and size of the material. Dumps are low grade ore material that have previously been excavated from tunnels drifted in to high grade zones located at previously mined locations on the property.
The Pony Mountain Gold property is located in the premier gold-producing Mineral Hills District in South Western Montana.
This 4000-acre package assembled over decades by a local partnership.
LRDR is just 10% below its first resistance point and gaining fast. Given the strong trading these past few days, we wouldn’t be surprised if it rockets past its second resistance point of 0.1095.
Needless to say, any such breakout should have you smack in the middle – taking profits.
Begin your due diligence on LRDR right now, before it’s too late.
To learn more about LRDR please visit their website: http://www.laredoresources.com/