Thursday, January 27, 2011

Clifton Mining Company (CFTN) Daily, Weekly & Monthly Charts

Here is a review of the daily, weekly and monthly charts for Clifton Mining Company.  Clifton Mining has recently become a producing company and if successful, will begin showing profits this year.  They have structured an agreement with Desert Hawk Gold Corporation whereby Clifton is more like a royalty company as it will receive a percentage of all of the Gold, Silver and base metals produced from its properties.  Clifton shareholders have a lot to gain if the precious metals production is successful.

All three charts show that CFTN is at or near strong support levels. The 1st level of support is around $0.30 and even stronger support lies at $0.25. I own CFTN and I think this is an excellent time to pick up shares in an exciting company that is just starting production. Take a look at these charts and decide for yourself.

Clifton Mining Company could literally double or triple from here in rapid fashion. This is one gold and silver penny stock that I am excited to own. Get on board before this thing takes off.