signs are good shes building for a breakout

Here is some interesting reading on the Gold trends/technicals subject:

Where is the Best Place to Be Invested Now?

By Boris Sobolev
Jan 9 2008 9:49AM

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3. Junior Mining Companies Remain Depressed

Valuation levels for gold and silver exploration and development are ridiculously low. Tremendous volatility in 2007 has forced a lot of the smaller investors out of the picture and there are now some exceptional bargains out there.

This situation is akin to what is happening in the broader market where Google, Apple and Research In Motion have contributed to most of the gains in Nasdaq 100 in 2007. In precious metals mining, a few larger players, such as Barrick Gold, Newmont Mining and Goldcorp are pushing the indices higher, while the mid-caps are languishing and the small and micro caps have practically been forgotten.

The Best Place To Be Invested

Big gold companies have made respectable advances, but their valuations have increased as well. They appear to be fairly valued at today�s precious metals prices.

The small caps are yet to fully participate in the rally. We believe that the crisis of confidence has now been factored in and surprises from press releases should start to come in on a more positive side. Production and development cost pressures should start to moderate and the crisis of confidence will begin to fade away into the past. The first good signal that this process has already begun is a spectacular recovery amounting to 100% gains on Novagold over the last couple of weeks.

History of the gold bull markets shows that small gold and silver stocks become major beneficiaries in the later stages of precious metals rallies. Investors start looking for better value as big cap mining stocks become expensive.

The small cap gold and silver stocks are only preparing to head north. Being less liquid and having a higher perceived risk, but also a better value, they almost always rally dramatically in the later stages of the sector upturn.

Boris Sobolev
Resource Stock Guide

* wrxsti observation - there now appears to be a major build up of investors and bids on the buy side with solid and proven support at these levels recently. Selling pressure has dwindled dramatically and its all looking good for a steady but concerted breakout IMO.
VRE operations should be cash flow positive by the end of the month with a dramatic reduction in stoping output related and associated costs. Any news on the horizon on a number of fronts would be anticipated to be highly positive in light of the most recent developments and pre-announced improvements/savings to the business model, along with the dramatic surge of the Gold Price.
Goldman Sachs has today released a report indicating its now 100% likely that the U.S. will indeed have a mild recession over the next two quarters before improving later in the year. In the report, they also indicated that the Fed will be bound to lower interest rates dramatically at the end of this month, and deliver tax cuts later in the year. All the signs are pointing to the Gold price going much higher yet as a result, and this can only be construed as good news for VRE going forward.
Being totally debt free, unhedged, cashed up, and in full production at maximum capacity, VRE will be in a prime position to maximise and cash in on these exciting times.

wrxsti