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QuickChat #240, August 10, 2012

Some stocks I am currently watching with avid interest: Alkane (OTCQX:ALKEF) which, with partner Newmont Mining, is selling one of their gold properties, I highlighted this stock for review on the REE Concentrator several weeks ago...

Since buying Marathon (NYSE:MRO) recently below $23, I have been operating with the idea that tensions in the middle east (currently focused on Iran and Syria) could boost oil prices despite recessionary news out of Europe. Now trading over $27 again (last time it hit this level I took profits, then bought back in around $24), I am thinking to hold until either the news in the middle east cools off, or it hits my current Sell target of $34...

(MCP) and (MCP-PRA)... More details of this trade in the REE Concentrator... I am thinking to see $13 for MCP by the end of the day.

Sandstorm Gold (SNDXF) my favorite gold streamer is back over $9 per share, and I am thinking of adding more in anticipation of $10. Also eyeing silver streamer (their alumni run Sandstorm) Silver Wheaton (NYSE:SLW) for re-entry after a long absence, probably when and if silver dips to $26. It flirted with $27.60 this morning, and then recovered, but volatility appears to be increasing...

Just some topics to start a new QC.