Wednesday, December 22, 2010

Clifton Mining Company (CFTN) Stock Coiled Like A Spring And Ready To Take Off

This chart is screaming buy at me.  I own this stock already but I am anticipating a breakout higher very soon.  After powering higher in September CFTN has been consolidating its gains and is no longer over bought.  Clifton has recently begun processing ore through its mill and stands to reap the rewards of its agreement with Desert Hawk Mining Company whereby Clifton Mining will receive royalties from the production of gold, silver and other metals from its properties.  I don't have any idea what these numbers will look like, but they should be better than the ZERO royalties they had previously been recording.  Take a look at this chart and see if it screams bullish at you.