YeOldGoldNugget's Blog Spot: Orko Silver

Showing posts with label Orko Silver. Show all posts

Wednesday, December 30, 2009

Best Wishes and on to a Bright New Year!

By 79Atoms on Wednesday, December 30, 2009

Our Tiny Precious little Blue Orb We call Earth!

We are at the end and at the start of a year. At the end of the old and at the start of the new. True, it is but a mere number 2009, 2010....but it will have a different meaning to each and everyone of us.

Some will use it as a means of closure. In with the new, out with the old, like that sort off thing. Whatever works for you I say stick with it or improve on it. Why change a winning plan right? Why continue with a losing one?

There will even be some who view this event as our tiny blue orb having completed another orbit around our sun on that 365 day lasting journey. Some of my readers will now be enjoying the winter while others will be enjoying the summertime...all based on how far ahead our Earth is in its sidereal year and where we are on this hemisphere, Northern, Southern or somewhere in between.

Whoever you are, wherever you are, whatever you do, just make sure whatever you do is done with passion and compassion. Those who enjoy the work they do have the pleasure of referring to it as being a hobby instead of it merely being work.

To me, well, I like trading, I like the markets, I like the excitement, I even like the disappointments from time to time which are ideal to keep one on its toes and with that also still on the edge.

This year has been a very turbulent one for most investors and probably also for most of my readers in varying ways like with work, their financial portfolio, incurred losses, stock market, shares in the red,...I do hope however that one learns from ones mistakes and hopefully in future tries not to learn from ones mistakes but learns from other peoples mistakes. That is a big difference. Trust me!

Also, most of my regular readers will have noticed I have been busy working on the styling of the website. Some are minor styling details like the styling on my posted images, the rounded corners, minor styling in the widgets and some are bigger changes. The bigger changes include the header which was formerly 'Orko Silver Corp. Blog Spot' and has now changed to YeOldGoldNugget's Blog Spot. Also, my YeOldGoldNugget's Stock Picks blog has been restyled with the current style of this blog.

There will however be no change in me doing updates on Orko Silver Corp. but since I also on occasion post other charts like silver, gold, HUI index, other juniors,...and more the name in the header just was too limiting. That's not saying the current name isn't but at least it defines that this is my own blog ;-)

More to come soon will be a custom and self styled header. Work is now in progress and I expect this work to be finished somewhere by February. I am always looking at improving my blog and will continue doing so in the new year.

Seasons Greetings Bar Silver - 2009 Copyright Northwest Territorial Mint

So with that behind me there still remains for me to wish everyone a very GOOOOD and VERY prosperous New Year!

To all the people I have had the pleasure of meeting on various places and through various means.

To all my contacts from Stock-house and other forums, thank you for your input, your conversations, your explanations, your comments and your personal views. Truly appreciated and a very warm and heartfelt thanks for that.

To the management, investor relation agents and personnel of Orko Silver Corp., Pan American Silver Corp., Orex Minerals Inc., Great Panther Resources, Impact Silver Corp., Mexivada Mining Corp., Arian Silver Corporation, and basically all other junior-mid-senior Explorers / Developers / Producers. May 2010 bring more shareholder and company value! May the veins be great, long and thick!

To all the other commodity authors, technical analysts, bloggers, financial writers, silverbugs, goldbugs, oil-diggers out there who zealously churn out daily updates on the markets. My hat off to you all!

And most important to all my readers from all the different places in the world! Thank you for your visits, thanks for sticking with me and for riding this Orko Silver Train of ours to production!

Looking at my visitor map though I immediately see I need to re-tighten my advertising campaigns to try to strengthen my new visits from some of the following regions which are now still missing :

Afghanistan
90% of the African continent
Greenland
Kazakhstan
Iceland
Some South American countries
...

YeOldGoldNugget's links of interest

Trend Analysis
Get the most recent Trend Analysis on Gold Spot by following this link :
Marketclub - Gold Spot Trend Analysis

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Get the most recent Trend Analysis on Orex Minerals Inc. by following this link :
Marketclub - Orex Minerals Inc. Trend Analysis

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Get the most recent Trend Analysis on Orko Silver Corp. by following this link :
Marketclub - Orko Silver Corp. Trend Analysis

(What's this?)

Get the most recent Trend Analysis on Pan American Silver Corp. by following this link :
Marketclub - Pan American Silver Corp. Trend Analysis

(What's this?)

Get the most recent Trend Analysis on Silver Spot by following this link :
Marketclub - Silver Spot Trend Analysis

(What's this?)

Tuesday, December 22, 2009

Orko Silver's Strong Performance

By 79Atoms on Tuesday, December 22, 2009

Orko Silver still going strong.

Orko Silver Daily Chart

Chart is courtesy of marketclub.
Marketclub - Orko Silver Corp. Trend Analysis

(What's this?)

Well, not much has changed since I wrote up my last chart. Not for Orko Silver anyway which is still going strong despite a correcting gold and silver market. Just goes to show how a stock gets a reputation of being a strong performer. That title in my book at least is also bestowed on stocks that can witter any storm.

Just compare Orko Silver to most other stocks. Result. Orko holds, most others drop!

Besides that, just take a look at some of the profits one could have taken since Orko Silver started its up march. From early September trading around $0.60 and going to $0.90 up to November for a 50% gain. Then, from early November from $0.90 to around now $1.25 for another near 40% gain.

Also, just take a look at some of these volumes of the last couple of days :

December 16, 2009 Volume 875K
December 17, 2009 Volume 689K
December 21, 2009 Volume 447K

That is some very steady trading to put it mildly. I don't know why but I have the feeling that someone is loading up on shares around $1.20. If that is the case than when this party is done with their Christmas shopping then I expect we could see the start of another UP rally.

I think we have plenty of support at $1.00 and some additional support at $1.10. Anything below that is buying opportunity in my book and that is not saying that it still isn't cheap at $1.20...cause it is.

MACD or the Moving Average Convergence Divergence indicator is trending downwards but not with such strength so as to be concerned. I think this will bounce back up way before we hit the center line. This already shows in the histogram. As you see, the histogram is not increasing but remaining the same.

From the chart we can also see we are still trading above all Moving Averages, and above, well sorta cause we are right at the 10 MA which is around $1.20

So on the daily, I still do not see any considerable downside from here so therefor I must conclude that until said party is loaded up we will remain pricebound around these prices of $1.10 to $1.25.

Orko Silver Weekly Chart

Orko Silver Weekly Chart December 23, 2009

Chart is courtesy of marketclub.
Marketclub - Orko Silver Corp. Trend Analysis

(What's this?)

Weekly, still looking at a BULLISH chart. There is this small delay in Durango station we are experiencing but I reckon we are just loading up on passengers until the Silver Train is fully booked up and ready to go!

The rise in average volume can clearly be seen on the weekly chart. I've drawn a red arrow beneath the red line to visualize this. So, more and more shares are changing hands.

MACD is trending upwards and above the center line and thus our UP trend is still intact.

Orko Silver Weekly ADX Chart

Orko Silver Weekly ADX Chart December 23, 2009

I've also added the ADX chart. Again on the ADX, the Average Directional Index can determine trend strength regardless of the market direction. This non-directional oscillator is based on a range of 1 to 100 (although movements over 60 are rare). If the line is under the 20 mark, the trend is considered to be weak. If the line is above the 40 mark, the trend is considered to be strong. The ADX line is built on the results of two separate technical indicators, the +DI (force of up-moves) and the –DI (force of the down-moves). The default for this study is 14 periods which takes into the consideration the measurements of the +DI and –DI for the last 14 periods.

Knowing this and taking a look at Orko's ADX...clearly UP and the trend is qualifying for a STRONG rating.

YeOldGoldNugget's links of interest

Friday, December 18, 2009

Orko Silver Chart December 18, 2009

By 79Atoms on Friday, December 18, 2009

Orko Silver Marches Onwards.

Orko Silver Daily Chart

Chart is courtesy of marketclub.
Marketclub - Orko Silver Corp. Trend Analysis

(What's this?)

Looking at the daily chart we see Orko Silver again since the last two days trading below the 10 MA. With the whole correction in gold and silver I must say that Orko Silver held up pretty well.

The daily chart all in all is, well...not extremely good. Not a total disaster but no total happy camp either. Very short term this could go further down. That is if I go by the negative divergence which I see on the chart. You see, while Orko Silvers price is trading higher from late November to mid December, on the MACD we already see a decline which is a negative signal and thus bearish. We are also trading below the 10 Moving Average. RSI or Relative Strength Index is just about nearing 50.

With this bearish thought in mind I have to say, looking back at the combined action of these last days...doesn't really seem like there is a lot of downside here. So will this negative divergence lead us to a price of $1.14 which coincides with the 30 MA or will we need a correction to the 50 MA at $1.06?

Well, I for one, I didn't put it on the chart but there does also seem to be some support at $1.10 so I'm looking at either the 30 MA at $1.14 or somewhere around $1.10. Anything below that is shopping season, my 2 gold nuggets then.

Looking at the volume leads me only to positive thoughts. Nice, steady volume, plenty of action for all to either sell or buy their shares. MA volume is running for the last month with an average volume starting with 250K and running up to 450K. And those are averages mind you!!

So, to summarize, daily and thus in short term one might expect either a little bit down to levels I indicated above or we will go further sideways like we have done the last couple of days.

Orko Silver Weekly Chart

Orko Silver Weekly Chart December 18, 2009

Chart is courtesy of marketclub.
Marketclub - Orko Silver Corp. Trend Analysis

(What's this?)

Weekly is a whole different matter. The little correction and also the slowdown in the up trend is but a mere blip on the weekly chart. On the weekly there is no sign of any bearish signals. That is NONE!

We are still steadily trading above all Moving Averages. Volume is steady and increasing when looked at the MA. (the red arrow)

MACD shows a slight decrease in the histogram but on the weekly still too small to make any difference to the leading trend...which is still UP!

YeOldGoldNugget's links of interest

Wednesday, December 16, 2009

Orko Silver - Metallurgical Testing Yields 91% Average Silver Recovery

By 79Atoms on Wednesday, December 16, 2009

Pan American Silver Corp.

TSX: PAA NASDAQ: PAAS

Orko Silver Corp.
TSX VENTURE: OK

Dec 16, 2009 05:30 ET

Pan American Silver and Orko Silver Announce Positive Test Results at the La Preciosa Project

Metallurgical Testing Yields 91% Average Silver Recovery

VANCOUVER, BRITISH COLUMBIA--(Marketwire – Dec. 16, 2009) - Orko Silver Corp. ("Orko") (TSX VENTURE:OK) and Pan American Silver Corp. ("Pan American") (TSX:PAA)(NASDAQ:PAAS) are pleased to announce that phase one metallurgical testing conducted on representative samples of the different veins at the La Preciosa joint venture project in Durango, Mexico have yielded excellent results.

Pan American has completed a first phase detailed metallurgical program, which included: work index tests, abrasion tests, mineralogical studies, gravity tests, floatation tests and cyanide leach tests. The program was a follow-up to the preliminary testing conducted in 2008 by Orko (Orko's news release April 17, 2008). Additional flotation studies are still underway.

Simple cyanide leaching yielded average silver recoveries of 91%, although the use of selective oxidants could further enhance these results. In addition, Pan American has been successful in reducing cyanide consumption to 1.6 kg/t, which is materially lower than the results from the metallurgical work previously completed by Orko. Lastly, the current test work has shown that with the use of oxidants, the leach cycle times can be reduced to 48 hours with minimal impact on ultimate silver recovery.

Gary Cope, president of Orko Silver Corp., stated:

This is excellent news. Confirming the straightforward leaching characteristics of the ore while reducing both cyanide consumption and leach times are clear enhancements to the La Preciosa project.

Also commenting on the metallurgical results, Geoff Burns, President and CEO of Pan American Silver, said:

These are very good results and better than we expected. We are fully engaged in all aspects of the project and still expect to produce a full feasibility study for La Preciosa by the end of next year.

In addition to continuing delineation and exploration drilling, as well as doing additional metallurgical testing, the project is being actively advanced on a number of other critical path items. Hydrogeological services have been contracted to begin determining appropriate water sources and Pan American has been in active dialogues with the local communities and land owners in the project's immediate vicinity who would be affected by La Preciosa's development.

Technical information contained in this news release has been reviewed by Michael Steinmann, P.Geo., Executive Vice President Geology & Exploration, and Martin Wafforn, P.Eng., VP Technical Services, who are Pan American's Qualified Persons for the purposes of NI 43-101. George Cavey, P. Geo. is Orko's Qualified Person for the purposes of NI-43-101.

Link to the original news release can be found by clicking here.

About Orko Silver Corp.

Orko Silver Corp. is developing one of the world's largest primary silver deposits, La Preciosa, located near the city of Durango, in the State of Durango, Mexico.

About Pan American Silver Corp.

Pan American Silver's mission is to be the world's largest and lowest cost primary silver mining company, and to achieve this by increasing its low cost silver production and its silver reserves. The Company has eight silver mining operations in Mexico, Peru, Argentina and Bolivia.

THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS" WITHIN THE MEANING OF THE UNITED STATES PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND "FORWARD-LOOKING INFORMATION" WITHIN THE MEANING OF APPLICABLE CANADIAN SECURITIES LEGISLATION. ALL STATEMENTS, OTHER THAN STATEMENTS OF HISTORICAL FACT, ARE FORWARD-LOOKING STATEMENTS. WHEN USED IN THIS NEWS RELEASE, THE WORDS "ANTICIPATE", "BELIEVE", "ESTIMATE", "EXPECT", "INTEND", "TARGET", "PLAN", "FORECAST", "STRATEGIES", "GOALS", "OBJECTIVES", "BUDGET", "MAY", "SCHEDULE" AND OTHER SIMILAR WORDS AND EXPRESSIONS, IDENTIFY FORWARD-LOOKING STATEMENTS OR INFORMATION. SUCH FORWARD-LOOKING STATEMENTS AND INFORMATION INCLUDE, BUT ARE NOT LIMITED TO, STATEMENTS AS TO: PAN AMERICAN'S FUTURE EXPENDITURES AND ACTIVITIES FOR THE BENEFIT OF THE JOINT VENTURE, WHICH ARE CONDITIONAL TO PAN AMERICAN MAINTAINING ITS INTEREST IN THE JOINT VENTURE; LA PRECIOSA ACHIEVING FUTURE PRODUCTION; VALUE CREATION AND GROWTH FOR PAN AMERICAN'S AND ORKO'S SHAREHOLDERS; CONTINUITY OR EXPECTED IMPROVEMENTS IN METAL RECOVERIES, CYCLE TIMES, CYANIDE CONSUMPTION RATES OR OTHER METALLURGICAL RESULTS, OR THE APPLICABILITY OF ANY SUCH RESULTS TO THE LA PRECIOSA PROJECT MORE BROADLY.

SUCH FORWARD-LOOKING STATEMENTS REFLECT THE CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE NECESSARILY BASED UPON A NUMBER OF ASSUMPTIONS AND ESTIMATES THAT, WHILE CONSIDERED REASONABLE, ARE INHERENTLY SUBJECT TO SIGNIFICANT BUSINESS, ECONOMIC, COMPETITIVE, POLITICAL AND SOCIAL UNCERTAINTIES AND CONTINGENCIES. MANY FACTORS, BOTH KNOWN AND UNKNOWN, COULD CAUSE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS TO BE MATERIALLY DIFFERENT FROM THE RESULTS, PERFORMANCE OR ACHIEVEMENTS OF PAN AMERICAN, ORKO OR THEIR RESPECTIVE OPERATIONS THAT ARE OR MAY BE EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS CONTAINED IN THIS NEWS RELEASE AND THE COMPANIES HAVE MADE ASSUMPTIONS AND ESTIMATES BASED ON OR RELATED TO MANY OF THESE FACTORS. SUCH FACTORS IN RELATION TO PAN AMERICAN INCLUDE, WITHOUT LIMITATION: FLUCTUATIONS IN SPOT AND FORWARD MARKETS FOR SILVER, GOLD, BASE METALS AND CERTAIN OTHER COMMODITIES (SUCH AS NATURAL GAS, FUEL OIL AND ELECTRICITY); FLUCTUATIONS IN CURRENCY MARKETS (SUCH AS THE PERUVIAN SOLES, MEXICAN PESO, ARGENTINE PESO AND BOLIVIAN BOLIVIANO VERSUS THE U.S. DOLLAR); RISKS RELATED TO THE TECHNOLOGICAL AND OPERATIONAL NATURE OF PAN AMERICAN'S BUSINESS; CHANGES IN NATIONAL AND LOCAL GOVERNMENT, LEGISLATION, TAXATION, CONTROLS OR REGULATIONS AND POLITICAL OR ECONOMIC DEVELOPMENTS IN CANADA, THE UNITED STATES, MEXICO, PERU, ARGENTINA, BOLIVIA OR OTHER COUNTRIES WHERE PAN AMERICAN MAY CARRY ON BUSINESS IN THE FUTURE; RISKS AND HAZARDS ASSOCIATED WITH THE BUSINESS OF MINERAL EXPLORATION, DEVELOPMENT AND MINING (INCLUDING ENVIRONMENTAL HAZARDS, INDUSTRIAL ACCIDENTS, UNUSUAL OR UNEXPECTED GEOLOGICAL OR STRUCTURAL FORMATIONS, PRESSURES, CAVE-INS AND FLOODING); RISKS RELATING TO THE CREDIT WORTHINESS OR FINANCIAL CONDITION OF SUPPLIERS, REFINERS AND OTHER PARTIES WITH WHOM PAN AMERICAN DOES BUSINESS; INADEQUATE INSURANCE, OR INABILITY TO OBTAIN INSURANCE, TO COVER THESE RISKS AND HAZARDS; EMPLOYEE RELATIONS; RELATIONSHIPS WITH AND CLAIMS BY LOCAL COMMUNITIES AND INDIGENOUS POPULATIONS; AVAILABILITY AND INCREASING COSTS ASSOCIATED WITH MINING INPUTS AND LABOUR; THE SPECULATIVE NATURE OF MINERAL EXPLORATION AND DEVELOPMENT, INCLUDING THE RISKS OF OBTAINING NECESSARY LICENSES AND PERMITS AND THE PRESENCE OF LAWS AND REGULATIONS THAT MAY IMPOSE RESTRICTIONS ON MINING, INCLUDING THOSE CURRENTLY IN THE PROVINCE OF CHUBUT, ARGENTINA; DIMINISHING QUANTITIES OR GRADES OF MINERAL RESERVES AS PROPERTIES ARE MINED; GLOBAL FINANCIAL CONDITIONS; BUSINESS OPPORTUNITIES THAT MAY BE PRESENTED TO, OR PURSUED BY, PAN AMERICAN; PAN AMERICAN'S ABILITY TO COMPLETE AND SUCCESSFULLY INTEGRATE ACQUISITIONS AND TO MITIGATE OTHER BUSINESS COMBINATION RISKS; CHALLENGES TO, OR DIFFICULTY IN MAINTAINING, PAN AMERICAN'S TITLE TO PROPERTIES AND CONTINUED OWNERSHIP THEREOF; THE ACTUAL RESULTS OF CURRENT EXPLORATION ACTIVITIES, CONCLUSIONS OF ECONOMIC EVALUATIONS, AND CHANGES IN PROJECT PARAMETERS TO DEAL WITH UNANTICIPATED ECONOMIC OR OTHER FACTORS; INCREASED COMPETITION IN THE MINING INDUSTRY FOR PROPERTIES, EQUIPMENT, QUALIFIED PERSONNEL, AND THEIR COSTS; AND THOSE FACTORS IDENTIFIED UNDER THE CAPTION "RISKS RELATED TO PAN AMERICAN'S BUSINESS" IN PAN AMERICAN'S MOST RECENT FORM 40F AND ANNUAL INFORMATION FORM FILED WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION AND CANADIAN PROVINCIAL SECURITIES REGULATORY AUTHORITIES. INVESTORS ARE CAUTIONED AGAINST ATTRIBUTING UNDUE CERTAINTY OR RELIANCE ON FORWARD-LOOKING STATEMENTS. ALTHOUGH PAN AMERICAN AND ORKO HAVE ATTEMPTED TO IDENTIFY IMPORTANT FACTORS THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY, THERE MAY BE OTHER FACTORS THAT CAUSE RESULTS NOT TO BE AS ANTICIPATED, ESTIMATED, DESCRIBED OR INTENDED. THE COMPANIES DO NOT INTEND, AND DO NOT ASSUME ANY OBLIGATION, TO UPDATE THESE FORWARD-LOOKING STATEMENTS OR INFORMATION TO REFLECT CHANGES IN ASSUMPTIONS OR CHANGES IN CIRCUMSTANCES OR ANY OTHER EVENTS AFFECTING SUCH STATEMENTS OR INFORMATION, OTHER THAN AS REQUIRED BY APPLICABLE LAW.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

For more information, please contact

Pan American Silver Corp.
Kettina Cordero
Coordinator, Investor Relations
(604) 684-1175
info@panamericansilver.com
www.panamericansilver.com
or
Orko Silver Corp.
Gary Cope
President
(604) 684-4691
info@orkosilver.com
www.orkosilver.com

Click here to see all recent news from this company

YeOldGoldNugget's links of interest

Trend Analysis
Get the most recent Trend Analysis on Pan American Silver Corp. by following this link :
Marketclub - Pan American Silver Corp. Trend Analysis

(What's this?)

Get the most recent Trend Analysis on Orko Silver Corp. by following this link :
Marketclub - Orko Silver Corp. Trend Analysis

(What's this?)

Friday, December 11, 2009

2 Developing Gold and Silver Stocks

By 79Atoms on Friday, December 11, 2009

And a Look at the Life of a Gold Company

By Greg McCoach
Friday, December 11th, 2009

It's arguably one of the most profitable secrets to investing in gold stocks...

A pattern of rapid growth found repeated in the early lives of today's most successful gold companies can be the key to guaranteed gains.

And it all starts to become clear when you take a closer look at the...

Life of a Successful Gold Company

The early lives of successful gold stocks correspond to the three general stages of any growing natural resource company: Discovery, Development, and Production.

Bull Market. . .

Bear Market. . .

It doesn't matter!

No matter which way the market is heading, this is the only place to land

20 double-digit gains in one year - GUARANTEED!

Click here now. . .

In today's market, a new gold company will normally start off quite small when it first goes public. It will typically have a handful of unexplored gold prospects with a focus on one or two.

During this discovery stage, a gold company will conduct extensive field exploration on prospective mineral projects to identify and prove the existence of a significant gold resource.

If a gold company makes a sizable discovery on one of its properties, speculation can send share prices soaring by hundreds — or sometimes even thousands — of percent in short order.

But as the initial excitement is quieted, the stock tends to pull back and stabilizes as the company develops the discovery into a producing gold mine.

This development stage can be a long and difficult — and sometimes boring — process. But it can also one of the most profitable times to be an investor.

The best time to buy gold stocks has historically been in the mid- to late development stage. At this point, the exploration risk has been essentially eliminated, while upside potential is maximized from near-term production earnings and future growth.

A successful gold company will eventually achieve positive cash flow and use it to expand operations and increase production for continued future growth. This growth creates new earnings that continue to propel share prices sharply higher.

A great example of this model is GoldCorp (NYSE: GG, TSX: G). Take a look at shares of GoldCorp as the company made their first big gold discovery:

In 1994, GoldCorp acquired the Red Lake historic gold camp. After several months of exploration, the company reported a significant gold discovery from drilling nine holes that averaged 311 grams of gold per tonne across two meters. Investors quickly found themselves 250% wealthier when share prices breached $5.

But the initial excitement wore off; the stock pulled back below $2 as the company went into the long and difficult development stage.

After a few years of development, GoldCorp finally began production and share prices took off. The Red Lake Gold Mine has grown to now include two operating complexes: the Red Lake Complex and the Campbell Complex. Red Lake is Canada's largest gold mine and is expected to produce over 600,000 ounces of gold this year.

The company has expanded worldwide operations to now include 11 gold-producing assets that are expected to yield 2.4 million ounces this year. Today, GoldCorp is a $30 billion company with a $40 stock. Shares of the company have yielded a 1,900% since the company began producing gold from Red Lake.

The home run gains to be made from GoldCorp may be over. But there are many other public gold companies that can be expected to follow a similar model as they take their projects through discovery into production.

The three-stage model of the life of a gold stock also generally applies to all companies involved in natural resources, including other precious metals like silver. With that in mind, I'd like to very briefly tell you about...

Two Developing Gold and Silver Stocks

Both of these companies have already made significant discoveries, which rapidly lifted their share prices. Today, both firms are working to develop their projects into economically feasible assets. Take a look:

Pediment Gold (TSX: PEZ)

Pediment Gold began drilling exploration of its 100%-owned San Antonio gold project in late 2006. Six months later, the company made a significant gold discovery when it drilled 32.93 meters grading 1.23 g/t gold and 25.1 meters grading 1.09 g/t gold. The subsequent drilling of over 200 more holes (totaling over 40,000 meters in depth), gave Pediment enough data to delineate a 1.5 million ounce gold resource.

Share prices increased as much as 600% from $0.50 to $3.50 between the time of original discovery and resource estimate. After that, share prices tapered off as the buzz from the big San Antonio gold find faded.

Pediment is currently developing the project and has recently reached a new 30-year agreement with the local government (called the Ejido) that allows Pediment to continue to freely explore the property and propose development and operation a future San Antonio gold mine.

Orko Silver (TSX-V: OK)

In March 2005, Orko Silver began drilling exploration on its La Preciosa silver project. A few months later, the company made a significant silver discovery when it drilled into high-grade silver grading 200 to 300 grams per tonne. After three years of extensive exploration, the company reached its goal of 100 million ounces of silver resources in March 2008.

Early investors walked away with a 700% as share prices increased $0.25 to $2.00 before falling.

In April, Orko and Pan American Silver (NASDAQ: PAAS) announced that the two companies would create a joint venture to develop the La Preciosa project. The companies are currently working together to upgrade the category of the current silver resources. This is a necessary step in completely a feasibility study to prove an economic resource.

Conclusion

My colleague, Luke Burgess, is investing in gold and silver stocks in the same way. He recently recommend a small American silver company that just started production and is expected to ramp up output by nearly 20,000% over the next 12 months.

But he's not the only one. Many of my gold and silver analyst peers are quickly moving into mid- to late development stage stocks. This is typically the period when financial institutions and major investors will begin buying a gold stock. It's when the loose money rolls out and the more steady-handed investors establish positions and volatility is decreased in share prices.

In the mid-1990s, GoldCorp proved its ability to take the Red Lake gold project all the way through the development stage into production. Early investors have been rewarded with gains of almost 2,000% since that time.

Today, companies like Pediment Gold and Orko Silver are vying to prove their ability as well. As investors, we can leverage the development of gold and silver projects by owning shares of the companies that have advanced-stage development projects.

Good Investing,

Greg McCoach
Editor, Wealth Daily
Investment Director,
The Mining Speculator
Greg McCoach's Insider Alert

YeOldGoldNugget's links of interest

Trend Analysis
Get the most recent Trend Analysis on Pediment Gold Corp. by following this link :
Marketclub - Pediment Gold Corp. Trend Analysis

(What's this?)

Get the most recent Trend Analysis on Orko Silver Corp. by following this link :
Marketclub - Orko Silver Corp. Trend Analysis

(What's this?)

Tuesday, December 8, 2009

Orko Silver Chart December 08, 2009

By 79Atoms on Tuesday, December 08, 2009

Orko Silver Daily Chart

Chart is courtesy of marketclub.
Marketclub - Orko Silver Corp. Trend Analysis

(What's this?)

Last time I did another article, Orko Silver was still on its breakout to its new recent high of 1.25. Since 1.20 was my initial target I'll settle for 1.25. From the MACD you could already see the divergence decreasing these last days and on the 7th of December Orko opened at 1.13 which was below the 10 Moving Average.

Not all that strange considering current events, gold and silver correcting, the dollar experiencing a little Frankenstein moment which will have its effect on the stock market. But not withstanding those events, Orko Silver has kept a steady pace finding support at the 61.8% Fibonacci Retracement.

Short term I see a bearish MACD crossover on the chart. It will remain to be seen whether we will go sideways from here or whether we break the support we seem to have around 1.14? That all depends on how far a correction we will get in gold and silver I suppose.

Till now Orko has kept up quite well if not beyond expectation!

Orko Silver Corp - Developing One of the Worlds Largest Primary Silver Deposits

Only one reason for that my opinion then...lots of backing and lots of support for Orko Silver from the market. Whether amongst investors or amongst fund managers. Orko Silver is not easily cast away like some other stocks. With this I mean, if push comes to shove and certain funds need to be freed, Orko Silver will probably come last on that list rather than first.

What also leads me to this rather bold statement? Well,..

Because I am the writer and that is what I do, to boldly go where no man has gone before
VOLUME
Management

The first one I think needs no explanation, the second one, well, just look right and then look left, nuff said about that and last but not least, management...well, you gotta hand it too them, they got the goods and they WILL deliver. My 2 goldnuggets.

Support from the 30 MA at 1.06, the 50 MA at 1.01...trust me, we DO NOT need to look further down ;-)
(there's also the Fibonacci lines to look at for support)

Orko Silver Weekly Chart

Chart is courtesy of marketclub.
Marketclub - Orko Silver Corp. Trend Analysis

(What's this?)

Weekly! Anyone see that darn wizard Merlin running around on these charts? Hm? Oh well, magical nonetheless.

As you can see from the chart, it has not been that long since Orko Silver was trading above the center line again on the MACD chart...meaning UP TREND.
So, since September we again have after a long and for most holders a tedious time, Orko Silver is back on its up trend.

Pan American Silver Bar - Copyright © 2009 Northwest Territorial Mint

The resistance at $1.00 is behind us and will from now on hopefully go through life with a new name,...namely...support! For my spiritually minded readers, Orko Silver broke the resistance, the resistance however was not counting on a speeding 1,000,000 pounds Silver train and sadly passed away only to reincarnate thereafter into support.

It is a cycle like any other.

So, next target I'm looking at is definitely the 1.40. This will probably not be broken in one try. When we get to that time frame this will show on the chart and when we cross that bridge I will long have posted another chart.

So, long term outlook still very good.

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