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Strategies & Market Trends : Beat The Street With SI Traders

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From: kidl	7/29/2009 4:21:19 PM
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Pescod: EVOLVING GOLD (V-EVG) $1.85 +0.36 EAST ASIA MINERALS (V-EAS) $1.56 +0.36 SELKIRK METALS (V-SLK) $0.12 n/c We were wondering what had happened to the old rule of thumb of the summer doldrums...so much for that worry as a couple of bad days on the market make up for much of the goodness and sweetness earlier in the month. Precipitous drops in gold and oil in the last couple of days have brought a taste of reality back. Still, there were a couple of stories standing out—two of which are favourites of the Coffin Brothers—Dave and Eric. On screens today that were very red, their two favourite mining exploration stories—Evolving Gold and East Asia Minerals, are both having party-time! In the Hard Rock Analyst they posted, “East Asia has delivered results from the first 2 holes at its Miwah project in north Sumatra that test several hundred metres of the western end of its main target. The two holes returned 57.1 metres at1.97 g/t gold, including 38.3 metres at 2.78 g/t gold; and 158.0 metres at 1.71 g/t gold, including 66.0 metres at 3.29 g/t gold – confirming the zone and that it has large near surface areas of strong grade with which to kick off a development. Now that the flow of drill results is underway we expect the EAS market progress to continue. Drilling is being planned to also test the new Miwah South discovery area that is several hundred meters lower in elevation than the original 1,200 metre long showings being tested by these drill holes. Miwah South may well be outcropping at the “sweet spot” for bonanza grades on a system wide basis, but at any rate its strong surface grades are important additions to the project. Miwah project is very likely to move into the “big deposit” category as drilling proceeds to test the targets.” They conclude their commentary this morning; “With this in mind and stronger news flow getting underway we are shifting our outlook for EAS up a notch to strong speculative buy.” That was from their commentary on their Special Delivery, pre market from this morning. One of their other favorite stories of Evolving Gold was also one of the few winners in the gold sector today and once again on big volume as well. Meanwhile, the world just doesn’t seem to want to give you a perfect day these days as one of the stories way back when the Coffin Brother had liked, Selkirk Minerals, it looks like they are giving up on it.

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