selling ALS +97%, JIN +44%, SF -11%

We continue to reduce holdings this spring, as per our long-term plan previously stated.


Thus we sell :

ALS, Altius Minerals, called October 3 2006, for a gain of 97%

JIN, Jinshan Gold Mines, called December 1 2006, for a gain of 44%

SF, Silver Fields Resources, called December 28 2006, for a loss of 11%.


Recent calls are doing very well for us, including Red Hill Energy, Avalon Ventures, and Hammond Power.


We remain precious metals and uranium bulls, and housing and US Dollar bears.

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selling STM +130%, MAI +82%, LRA +26%, RFM +9%, SKV +8%

We endeavor to reduce holdings and secure gains, thus we sell the following which all trade in Canada :


Strathmore Minerals for a 130% gain, originally called in late October of 2006.

Minera Andes for an 82% gain, originally called early August of 2006.

Lara Exploration for a 26% gain, originally called mid-Ocotber 2006.

Rimfire Minerals (both portions) for a total 9% gain, first called mid-October 2006 with an addition in early Feburay 2007.

Skygold Ventures for an 8% gain, originally called mid-October 2006.

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great news and disaster charts

On March 23rd we wrote "Uranium is at $90, poised to rocket even higher and soon over $100 we believe."

This week that's exactly what happened, per TradeTech's Uranium Information web site.




Be sure to read the details at TradeTech's Uranium Information web site.


We went on to say that "gold, silver, and platinum will break above their ranges to approach new highs this Summer in our estimation, unless US markets attain and move beyond February highs."

The markets are close to those highs, as can be seen plainly in these charts. Click them for further info.











With the current outlook for the US economy growing darker, the housing bubble popping, and the coming credit crunch coupled with soon-to-be-higher interest rates along with many expecting the "summer doldrums" in the markets, it will be very interesting and educational to witness what transpires next.

Essential reading on these topics can be found daily at the Prudent Bear site.

Here is a random sample that is a frightening read - Many have less than $25K saved - CNN/Money (04/11/2007)


As for gold, we track it at Gold Price. Have we seen a "double top" the past two days at $680 for gold? If not, the gold price will likely rocket through that level shortly which would auger well for many of our holdings and the Canadian markets in general.

In the meantime, enjoy this thought-provoking article posted today on the Gold Price site and be sure to view the Classic Disaster Charts.


For more disaster charts, Prudent Bear's Chart Library is the place to go. We read the site daily and recommend it very highly.

In-depth precious metals tracking and news can be found at Kitco

Lastly, another fantastic economics blog Global Economic Analysis.


Think ahead, and adhere to your stops.

We remain precious metals and uranium bulls, and housing market bears.

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adding HPSA, accumulating AVL, buying URC

No news has been good news here of late.

We enjoyed a big jump in most uranium stocks today, including a 27% jump in Mega Uranium, MGA, which was bought a month ago on March 6 and is now +46% since called.

Further calls in March included Bayswater Uranium, BAY, which is now +30% since called on March 6, Avalon Ventures, AVL, which is now +11% since we called a start to accumulation on March 7, and Cardero Resource Group, CDU, which is now +46% since called also on March 7.

More good news this past month came in the form of a jump in Snowfield Development, SNO, now +150% since called in late December and looking to us as if it'll go even higher soon.

Our shares of Altius, ALS, also had a great few weeks, rising 40% since early March and now +105% since called early last October.

The remaining calls in March were an addition to Patch International, PTCH which has gone down some, but we hold as it remains above its up-trend line and we are still up roughly 50% on the combined Patch holdings, and Red Hill, RH, which is +8% since the addition in early March and +33% since our initial call.

We took one loss in March upon closing our position in Plexmar Resources, PLE, at -15% which was called in late February. We'd said then that support would prove to be at the $0.50 level and we called our sell when it closed at $0.49. It has since dropped steadily to an intra-day low today of $0.28 Luckily we got out in time, as preservation of capital is a key component to successful investing.

We're done accumulating Avalon Ventures, AVL, as we wrote that we'd be buying under $1.50 and to us it appears poised to break above that level.

Our original call on Hammond Power, HPSA, is +140% since our call in the middle of October 2006. We called an addition in mid-February of this year on the expectation of another record earnings report and when that came in early March we closed that additional position for a quick +23% gain in just two weeks. The stock has calmed since that jump and we re-enter an additional position here at $9.93

Finally, we buy Uracan Resources, URC at $0.94 We see support at $0.85 currently, with a massive upside and the winds in favor of relatively undiscovered uranium speculative plays such as this one. Visit the company website by clicking here.

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