Tanzanian Royalty Exploration Inc. (TRE) was added to the Barchart Van Meerten Speculative portfolio this morning. TRE is a mineral resource company whose business strategy is to acquire royalty interests of future gold positions in both pre-production and production.
The stock rated a 96% Barchart buy signal and hit 16 new highs in the last 20 sessions including 5 in the last 5. Price appreciation was 28.41% last month and the stock recently traded at 6.98 well above its 50 day moving average of 5.49. The 14 day Relative Strength Index was 98.04%
The general investing public is still high on gold stocks and on Motley Fool the Caps members voted 141 to 22 that the stock will beat the market with the All Stars also high by a vote of 70 to 7.
Jim Van Meerten is an advisor to Marketocracy Capital Management who uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on Barchart Portfolio Blogs. Please leave a comment below or email JimVanMeerten@gmail.com.
Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog..
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