Thursday, February 26, 2015

Jim Sinclair's Tanzanian Royalty Exploration (TRX) (CA:TNX) Most Oversold Ever

Tanzanian Royalty Exploration company which is run by the famous Jim Sinclair is currently at its most oversold levels ever. This is all while they continue to move toward production at the Buck Reef project in Tanzania.

Visiting the company's website you will find that they are updated their progress in pictures rather than words at the moment. There are recent updates on the website frequently and you can see the progress they are making toward production.

This includes areas currently being mined, heap leach pads being constructed, material being placed on heap leach pads, gold room being built and set up, cyanide processing equipment and so forth.

Taking a look at this long term chart you will see that by certain measures, this stock is extremely oversold and may be due for a nice run higher in the near future.

If the price of gold continues to move higher in the near term, Tanzanian Royalty looks to benefit as currently it is a hated stock and being priced at lows not seen in a long time.

To learn more about Tanzanian Royalty Exploration Company, please visit their website at