I thought it would be good to let you folks know that the whole gold mining sector is now in a consolidation phase. I checked both the XAU and HUI this evening, and there were only two gold mining companies up for the day, while the remainder of the sector was down.

For those of you who don't know, you can go to Kitco's home page to find the XAU and the HUI index, they are both gold mining sectors, they are located at right bottom side of the Kitco page. It would be a good habit to check them often, its another tool for you to use to monitor the whole gold mining sector, as an industry, they move to together when they are in favor. This way you can compare Silverado Gold Mines trading patterns with the whole gold mining sector. This way you will see more clearly through the basher's ridiculous smoke screens to try panic Silverado shareholders to sell their stock, so they, the short sellers can make their money.

Check it out and you will see what I see, that the bashers don't want you to know.

http://www.kitco.com/

Educate yourselves !!!