BRYN was up 116% this past week, we are on our way to 300% gains, more news is coming
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Hi Subscriber,
BRYN has been a solid gold peak for PSC from the beginning. Since our initial alert BRYN has rallied over 1300%. The chart has since evened out making BRYN a cheap buy where it stands right now. On our previous alerts BRYN soared from just pennies to 0.87 in a matter of weeks which is what caused the spike on the chart. We are putting you on alert again because we think BRYN is set for another buying frenzy. Last week BRYN hit 0.11 and closed on Friday @ 0.238, bringing in gains of 116% in just one week. The volume was super heavy on Friday compared to the rest of the week. The buying frenzy is just beginning and Monday is gonna be crazy! The volume will be heavy on the charts pushing BRYN to breakthrough the 300% levels.
In the last PR from the company BRYN announced that there is more news coming. We think some solid developments are on their way, the action is brewing and it will set the charts on fire. BRYN will be providing an update on the acquisition of an interest in a Nova Scotia property. This is very promising developments for the company and as news drive stock prices BRYN is only set to go higher from here. After the trading session on Friday BRYN has everything it needs to break through 300%. These entry levels will get swallowed up in no time. BRYN surged on Friday and this is a good reflection of gold on the world stage.
The Hindu Business Line reports that China is setting itself up to purchase the balance 191.3 tonnes of the IMF gold. The article further reports that whether or not the transaction goes through it will cause volatility on the market stage. If the Chinese deal goes through as anticipated, it will give a huge boost to the sentiment towards gold. Investor interest is sure to rise which may unleash a speculative frenzy. Gold prices have the potential to spurt by anything between $50 and $100 an ounce. Currently the metal is facing resistance at higher levels and is struggling to decisively break the $1,100/oz barrier. The firm dollar is far from supportive. In anticipation, gold prices increased by 1.3 per cent on Friday.
In early November 2009, the Reserve Bank of India purchased 200 tonnes from IMF in a surprise off-market transaction that bolstered positive sentiment towards the yellow metal. The significance for the market lay not so much in the sale per se, but in the fact that it was to a central bank. A couple of small Asian countries too bought modest quantities. Subsequently, by early December, the yellow metal hit a record $1,226/oz, after which there has been a correction. http://www.thehindubusinessline.com/2010/02/28/stories/2010022851910300.htm BRYN is looking like a great discount BUY right about now. The stock is set up for a huge rise. It is already up 116% in one week and 300% gains are well on their way. |
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China has approximately $2,400 billion as foreign exchange reserves and has been building stocks of gold through domestic purchases as part of asset diversification. IMF deal would add to its already solid gold reserve.
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