High River Gold Up 27.14% Today

Print This Post | Topic: Gold Mining Companies — January 8th, 2010

High River Gold Mines Limited (HRG) was the standout performer today despite the metals sector being a tad off colour. As we can see from the above chart HRG is coming back to life in spectacular fashion as this spike in the stock price clearly demonstrates. The technical indicators are pushing against the ceiling and are well and truly in the overbought zone.

However as regular readers know this is no ordinary gold play as this stock is still undervalued and has some way to go before it regains its former glory.

Scanning the air waves we could not find a unique news item that would justify todays move, we can only hope that the recovery continues and that we get back to where we once w