one reason we like New Gold Inc. (NGD, TSX) so much is that the market in our view just hasn’t yet fully caught on to the significance of its growing resources (Gold and Silver) at its Blackwater Project in central British Columbia…readers should perform their own due diligence on this and also check out two Venture plays in the Blackwater district that are also being overlooked at the moment – Parlane Resource Corp. (PPP, TSX-V) and RJK Explorations (RJX.A, TSX-V)…we’ll have more on them later in the week…

Below is an 8-year monthly chart on New Gold that shows the potential for a double from current levels based on Fibonacci analysis…NGD closed Friday at $11.10…the rising 50-day SMA around $10.40 would likely be an excellent entry point on any minor pullback…once NGD clears a resistance band between $12 and $14, look out…