signs of strength, page-15

Solid accumulation underway: very nice to see plenty of people acknowledging a great emerging resource in PRE. I am also happy that people are no longer getting flamed on the .049 - .060 whipsaw that prevailed the past two weeks (apologies to active traders).

I might add that, IMO, a junior holding a very prospective precious metals resource shrugs off volatility in spot metals prices. CQT stayed stuck on a .12-.14 ratchet through the MAJOR gold drop off on May 11-12 2006. By mid-July 2006, CQT's resource upgrade saw it hit .22 - .24, while subsequent milestones attained saw it rapidly move onward and upward. Don't let volatility sway you: take a position and have confidence in it.

Buy into a good resource: a perfect, positive precious metals backdrop every trading day isn't needed. I firmly believe, however, in the long-term trend for precious metals, which underpins the prospects for the likes of PRE and CQT.