BRYN, GTA.V – Market Turbulence leave little unscathed, key is the rebound

Aug. 5, 2011 - PRLog -- “CNN Money: Worst day since 2008 financial crisis”

It is no doubt a day to remember in the financial markets today as the DOW plunged 512pts and the worse since the 2008 financial crisis. Practically all sectors including Gold was hit with a red close, but with many strong companies, they bounce back and become even stronger on the uptrend.

Shorts definitely took the advantage today to spook investors even more into selling. BRYN solid bounce from today’s lows is an indication of its strength. As the market quickly rebounds (as they always do) BRYN will be in an even stronger position to breakout into a mega bullish run.
 

What was impressive with BRYN’s trading today was the sharp bounce back from support level – 50% higher than BRYN support level a week prior. This indicates a strong general bullish direction up and looks poised for a huge breakout.

We have also seen it with our monster 50,000% gainer, DEGH, which moved through troughs and peaks before its monster breakout to $0.75 -  take advantage of days like today to accumulate.


We already know that BRYN is in the initial stages of a property analysis towards a 43-101 report and expect more updates on their progress – stay tuned!

Research Report Released on BRYN Resources


You can read Direct Global Media (http://www.directglobalmedia.com) free research report at http://www.xtremepicks.com/reports/bryn. We all know what happened with their last report on DEGH which hit their $0.75 target  giving members a 50,000% total gain tally. We expect no less with this research report – when Direct Global Media put’s out their research report, investors listen.

About Bryn Resources Inc.

Bryn Resources is a precious metals exploration company currently concentrating its efforts in Eastern Canada region holding 100% interest in Renfrew Nova Scotia that comprises of 62 Claims covering 2,480 acres, and 100% interest in Wine Harbour, Nova Scotia with rights to 53 mineral claims for a total of 2,100 acres. These claims have historically demonstrated their mineralization and in the period between 1862 and 1939 yielded 42,726 ounces of gold from 83,000 tons of ore, for an average content of 0.52 ounces per ton. Bryn Resources Inc. continues to seek partnerships in proven mineralization which are close to the production phase.

Gold reached an all time high again today with an intraday high near $1,700/oz before markets put pressure on the precious metal. This is just a little hiccup towards a long term bullish run where we can see Gold reach over $2,000. Underlying economic issues still exist and Gold continues to be the favourite safe-haven. We definitely see Gold stocks outperforming any other sector for 2011.

GTA.V closed at $0.22 relatively flat on the day and held up solid against market pressures. We are looking at a solid base ready for a bullish run upward over the next few weeks.


ABOUT GTA RESOURCES

GTA Resources is Canadian resource exploration company listed on the TSX Venture Exchange as GTA. GTA’s strengths are its large property in Northern Ontario near Highway 11, its successful and experienced management team and board of directors, and its disciplined approach to efficiently stewarding the shareholders’ capital.


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