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(EMAILWIRE.COM, August 06, 2011 ) Belize City, Belize: “CNN Money: Worst day since 2008 financial crisis”
It is no doubt a day to remember in the financial markets today as the DOW plunged 512pts and the worse since the 2008 financial crisis. Practically all sectors including Gold was hit with a red close, but with many strong companies, they bounce back and become even stronger on the uptrend.
Shorts definitely took the advantage today to spook investors even more into selling. BRYN's solid bounce from todayÂ’s lows is an indication of its strength. As the market quickly rebounds (as they always do) BRYN will be in an even stronger position to breakout into a mega bullish run.
What was impressive with BRYN’s trading today was the sharp bounce back from support level – 50% higher than BRYN support level a week prior. This indicates a strong general bullish direction up and looks poised for a huge breakout.
Xtremepicks have also seen it with their monster 50,000% gainer, DEGH, which moved through troughs and peaks before its monster breakout to $0.75 - take advantage of days like today to accumulate.
BRYN is in the initial stages of a property analysis towards a 43-101 report and expect more updates on their progress – stay tuned!
Research Report Released on BRYN Resources
Direct Global Media (http://www.directglobalmedia.com) free research report is available at http://www.xtremepicks.com/reports/bryn. Looking at DGM's last report on DEGH which hit their $0.75 target gave members a 50,000% total gain tally. Expect no less with this research report – when Direct Global Media put’s out their research report, investors listen.
About Bryn Resources Inc.
Bryn Resources is a precious metals exploration company currently concentrating its efforts in Eastern Canada region holding 100% interest in Renfrew Nova Scotia that comprises of 62 Claims covering 2,480 acres, and 100% interest in Wine Harbour, Nova Scotia with rights to 53 mineral claims for a total of 2,100 acres. These claims have historically demonstrated their mineralization and in the period between 1862 and 1939 yielded 42,726 ounces of gold from 83,000 tons of ore, for an average content of 0.52 ounces per ton. Bryn Resources Inc. continues to seek partnerships in proven mineralization which are close to the production phase.
GTA Resources Inc
Gold reached an all time high again today with an intraday high near $1,700/oz before markets put pressure on the precious metal. This is just a little hiccup towards a long term bullish run where Gold is expected to reach over $2,000. Underlying economic issues still exist and Gold continues to be the favourite safe-haven.
Xtremepicks definitely see Gold stocks outperforming any other sector for 2011.
GTA.V closed at $0.22 relatively flat on the day and held up solid against market pressures. Xtremepicks is looking at a solid base ready for a bullish run upward over the next few weeks.
ABOUT GTA RESOURCES
GTA Resources is Canadian resource exploration company listed on the TSX Venture Exchange as GTA. GTAÂ’s strengths are its large property in Northern Ontario near Highway 11, its successful and experienced management team and board of directors, and its disciplined approach to efficiently stewarding the shareholdersÂ’ capital.
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Xtremepicks.com profiles are not a solicitation or recommendation to buy, sell or hold securities and is not offering securities for sale. Verify all claims and do your own due diligence. Xtremepicks at times may buy profiled securities in the open market. Xtremepicks.com did not receive any compensation for the profile of BRYN, received $25K for 1-month profile of GTA from Direct Global Media. An offer to buy or sell can be made only with accompanying disclosure documents and only in the states and provinces for which they are approved. Click here to view the full disclaimer
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