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Garibaldi Resources Corp. (GGI, TSX-V) Special Report (click on link below)

The strength in Garibaldi Resources Corp. (GGI, TSX-V) the last few days should come as no surprise, given intense activity in Mexico and developments in the Sheslay Valley in northwest British Columbia which we’ll be expanding on in greater detail Monday.

GGI has now staged a confirmed breakout above a “flag formation”, a technical event with significant implications, after today’s close at 15 cents on the Venture.  Keep in mind, not only is GGI the largest landholder among juniors in the very “pregnant” Sheslay Valley district where a second Cu-Au porphyry drilling discovery has been made very close to its border (GGI has multiple targets of its own over an incredible 15 km corridor with news pending on that), but the company is also currently extremely active in Mexico with drilling continuing at its La Patilla Gold Property.  Each of the holes drilled to date, according to last week’s news, have cut “significant intervals of quartz veining similar to that which yielded” high-grade Gold values from channel sampling. Both factors are contributing to GGI’s strength at the moment.  Other potential catalysts are at play in Mexico as well, in addition to B.C. (besides the Sheslay).

An updated 3.5-year weekly GGI chart from John is included in the GGI Special Report (click on link below).   Quite simply, this is an extremely bullish technical picture with RSI(14) also breaking above a trendline at 62% and pointing higher.  As we’ve stated repeatedly, Garibaldi has a big advantage over most of its peers when it comes to share structure (not to mention working capital).   Most companies have had to do cheap financings over the past couple of years just to stay alive – GGI hasn’t carried out a significant financing in five years, which also means there’s no warrant “overhang” with this stock.  The company is even generating royalty income. Most importantly of all, Garibaldi possesses the kind of management and geological expertise that can dramatically build shareholder value.  We predict GGI will be a huge winner in 2014, both on the ground and in the market.  As always, perform your own due diligence.

GGI Special Alert