ANV Shares Moving Higher

The Mining Speculator (08/30/2010)
"After bottoming at $17/share in late June, shares of ANV has been on an exciting move higher due mostly to incredible drill results which are significantly adding to reserves.

As investors you can see the leverage this stock has to both higher gold prices and an increase of reserves from drilling. This stock still has a long way to go as gold prices keep heading higher.

ANV is a HOLD at these price levels, but would be a BUY if we were to get a significant pullback because of a potential meltdown II scenario this fall. Just prior to the 2008 meltdown, ANV was trading at $6/share and retreated to the $3. level. Since then, the chart has been magnificent; but I would be a buyer if there was a big pullback. You'll have to decide for yourself at what level the stock would be attractive enough to become a buyer."

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