Premium Is Breaking Out!

I have been very high on PEM since they announced their Lower Block Discovery which gives Fridy-Petsite a good chance at being a million + oz deposit. We initially posted about them on the news but said the price would gap and trend lower to .40 where it would be a great place to load up as current drilling evaluates the potential of the discovery. Since then it has been range bound between .50 and .40 but over the last week has broken out and closed above the .50 mark for the second day in a row signalling that PEM is breaking out.

PEM has been a highly promoted stock in the past and is closely watched by several analysts that are just waiting for some good follow up results to write a good report about PEM.V. With the SP breaking past the discovery news highs with volume supporting it, Premium is looking like a great buy for the investor and momo trader.

Volume and price rise could be a signal that positive news is on the horizon. PEM.V is cheap compared to some other gold stocks that we follow and may be next on the plate for a big jump in market valuation. It's on our list at .38 and at only 55 its due for a good run.

Happy Trading