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Bruce Pile
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Stock analysis is a serious hobby for me. I compete at Ken Kam's Marketocracy, where they do capital management using the best member mutual fund track records with extensive tabulations of alpha, beta, R-squared, and many other fund management evaluations. I've been running 4 funds there for... More
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  • Yet Another Junior Breakout ? 0 comments
    Sep 15, 2010 8:42 PM | about stocks: KMKCF.OB
    Rambunctious gold mining juniors have been breaking out of their cribs left and right lately.  This may be another one.

    Continental Minerals (KMKCF) is a junior Canadian gold/copper/silver miner that mines in China. From what I read, they have a promising property there with well over 4 million oz. of gold and 11 million oz. of silver. The stock seems to be doing a promising breakout (click to enlarge):



    Since the big gold rally late last year, in which KMKCF participated nicely, the stock has been idling in a megaphone formation. After a false breakout in April to about $2.50, it may have completed this formation today, at $2.50 again, with a real breakout with some building volume. I like the moving average geometry and the heavy 24% insider interest. If it doesn't do a breakout now, it probably will soon if gold keeps working its way higher.
    Themes: gold mining stocks Stocks: KMKCF.OB
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