This past weekend, NIA researched hundreds of gold/silver miners and explorers – determined to focus this week on the gold/silver stock that will lead the entire industry with the largest percentage gains. NIA determined that Calibre Mining (TSXV: CXB) a company it first discovered in late-2014 and has been following closely for the past 2 1/2 years – is about to become the #1 biggest gold/silver play in the entire market! Yesterday, CXB closed at its high of day of $0.26 per share, at its exact key breakout point! If CXB can convincingly surpass $0.26 per share on Tuesday by reaching a new 52-week high of above $0.27 per share, NIA predicts it will reach a minimum of $0.40-$0.45 per share this week, followed by a move into the $0.55-$0.65 per share range by the end of February!
CXB’s key breakout point of $0.26 per share is one of the most significant key breakout points that we have ever seen for any stock in history. On December 3, 2009, CXB peaked at a 52-week high of $0.26 per share where it faced major resistance. On February 28, 2011, CXB retested its $0.26 per share resistance level but once again failed to break through it.
Finally on January 20, 2012, CXB surpassed its key resistance level of $0.26 per share and immediately began to explode – finishing the day up 46.2% to $0.38 per share. Over the following 14 trading days, CXB rose an additional 65.8% to a peak on February 9, 2012 of $0.63 per share – achieving a total three week gain of 142.3%!
In NIA’s opinion, CXB is about to make a move in the upcoming days/weeks that is very similar to early-2012 when it gained 142.3% in three weeks. CXB’s relative strength vs. gold has just reached a new 5-year high. When CXB’s relative strength vs. gold last reached this level in early-2012, it acted as technical confirmation that CXB was ready to surpass its key breakout point with a major upward explosion to follow!
In July 2016 when CXB last closed at its key breakout point of $0.26 per share, it had a 14-day relative strength index (RSI) of 92.83, indicating that the stock was extremely overbought. Today, CXB’s 14-day RSI is only 71.43 giving it plenty of room to explode significantly higher in the days/weeks to come!