Great Trades

When we first invested in Pediment Exploration (PEZ in Canada, PEZFF in the U.S.) in the spring, it was an early stage explorer with 10 promising properties. With the developments announced over the last 2 weeks, Pediment has now transformed into a potential powerhouse future gold producer. Now Pediment seems to have a large resource, a past producing mine, a top-notch advisory board, and growing institutional support. Meanwhile, gold has broken out over $800/oz, and the HUI gold stock index has broken out to a new all-time high.

Normally, when a stock moves up so much in such a short period of time, it's a good idea to take some profits off the table. However, we believe that Pediment Exploration is now a completely different company than just a couple of weeks ago, and the current environment is very favorable for such a promising gold miner.

We continue to view pullbacks as buying opportunities for aggressive investors and believe Pediment shares have a good chance to move much higher during this gold bull market.


NOTE: In our last update, we mentioned that Mantis Minerals (MINE on the CNQ exchange in Canada) didn't have a U.S. symbol. Since then, the stock has begun trading under the symbol MNTCF in the U.S., though on the pink sheets with no bid/ask. Investors need to choose the price for their order based on converting the price in Canada, which can be viewed at the CNQ exchange web site: http://www.cnq.ca/Page.asp?PageID=2013&AA_RecordID=202 (the Canadian dollar is worth about U.S. $1.07 now).