Riding The Gravy Train: Long SGC

Riding The Gravy Train

Beating the market is fun and profitable. This is how we do it.

Tuesday, November 21, 2006

Long SGC

We're hoping gold finally breaks above the $630 level, which has stymied its upward progress recently.

The current trend and underlying economic factors seem right to us, and with that in mind we go long a gold exploration stock which today hit a 52-week high and is crossing into price levels that to us signals a possible major price appreciation given its historical chart.

Long SGC, Sunridge Gold Corporation at $3.25 on the Canadian TSX Venture Exchange.

Sunridge Gold Corporation

An excellent source of gold charts and articles, Kitco.com

<< Home

We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, me, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated:
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line. We have never sold or shared our mailing list with anyone, nor will we.

Please note that we only send update notifications when a trade idea is diarized or updated materially, if at all, not if a posting only contains general commentary. Life is short, time is money, and other caveats and clichés apply, so no guarantees are stated or inferred in any way shape or form about anything within or pertaining to this blog.

This publication has been prepared and made available solely on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. Without prior written permission from RtGT the material may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.

Riding The Gravy Train

Tuesday, November 21, 2006

Long SGC

About Me