Yesterday morning, The Preacher alerted the congregation to Ironwood Gold Corp (IROG).

He mentioned that "…the stock has spent the last several days consolidating… and possibly building momentum for another leg higher."

Well, IROG spent yesterday building on its early morning gains and as expected was up nearly 14% from Tuesday’s close. The upside volume was also very impressive.

IROG overcame a bout of selling today to close down slightly along with the rest of the market.  We think traders should watch IROG
closely from this level.  We would certainly look to exit if the stock
closed below 72 cents, but since the trend has been largely positive we
feel that IROG should still be on our members’ stock radar screen right now as we continue to look for higher levels.

There is just too much positive momentum behind this one at the moment, you should keep a watch on it.

So congratulations to all our members who profited from IROG and all our recent alerts.

Bonus Alert Tonight — GBRC

While The Preacher plans on bringing you another BIG ALERT at EXACTLY 9:30AM EST on Monday, in the spirit of the holidays, here is one more "BONUS" stock to keep a close watch on.

The company is Global Resource Corp. (GBRC). We think this one may have seen "capitulation selling" a few days ago based on the explosive downside volume and subsequent rebound.

Not all of our congregation might know what "capitulation selling" is, but Investopedia.com defines it as: "In the stock market, capitulation is associated with "giving up" any previous gains in stock price as investors sell equities
in an effort to get out of the market and into less risky investments.
True capitulation involves extremely high volume and sharp declines……

Investopedia goes on to make the point The Preacher is trying to make: "After
capitulation selling, it is thought that there are great bargains to be
had. The belief is that everyone who wants to get out of a stock…..has sold.
The price should then, theoretically, reverse or bounce off the lows….."