XRA - Exeter Resources
We recommended to our subscribers to accumulate a starter position below the $5.00 level but on a break of this channel to back up to truck to a full position. Well today, XRA did just that, breaking out of its multi-year down channel on Massive Volume. We consider any retracement below the $5 level to a good longer term entry point.
With 40+ million oz of gold equivalent, Exeter is valued very cheaply even at today's prices. If you wish to remain up to date on the fundemental and technical status of Exeter Resources, please consider subscribing to our newsletter where we cover stocks like XRA in our portfolio.