RBY Reaches All-Time Highs

September 3, 2009


The bull rages. Today our recommended gold exploration stock, Rubicon Minerals (RBY) reached an all-time high of $ 3.69 per share, after climbing to a new high of $ 3.59 yesterday. Earlier this week, the company updated investors of ongoing drilling at its Phoenix Gold Project in Ontario, which revealed not only more high-grade gold, but a 20% increase in strike length.

Also significant was the fact that RBY's volume was at all-time highs. Yesterday volume was 5 times higher than on average, indicating new investor/trader interest.

As RBY reached new highs, the price of gold advanced by $25 dollars to over $980, its best single-day performance in over a month. Gold is once again nearing the important $ 1,000 mark, but it must break this resistance level this month in order for the bull market to continue. If it does, then we could only guess how high the price of gold and RBY will go.




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