Spanish Mountain (SPA, TSX-V)

Spanish Mountain (SPA, TSX-V), like many stocks, has taken quite a beating in recent weeks but the chart is now clearly giving encouraging signs and that may also be an indication that this decline in the Venture could be drawing to a close…SPA is developing a world-class asset with its Spanish Mountain Gold Project in central British Columbia, and current infill drilling is expanding the resource…SPA is down about 40% for the year but appears to have found strong support in the low-to-mid-40′s…

Note: John, Jon and Terry do not hold positions in SPA.