In mid-May, I toured the Nevada exploration sites of Rye Patch Gold and came away very impressed. A forthcoming report will detail my reasons, which include a major lawsuit against Coeur d’Alene Mines that seems very likely to settle in Rye Patch’s favor. For now, though, I am initiating technical coverage with the chart shown. The stock topped in April at 46 cents a share, but as you can see, based on Hidden Pivot analysis it is likely to fall to at least 0.2965 if the midpoint support at 0.3296 touched last week is breached. I hold no current stake but would be an aggressive buyer at the lower price.
