Today I am bringing you a very strong Copper play Trading Idea that needs your immediate attention.
I’ll start off with the pedigree information (Trading Symbol, Website, etc.) and then move on to some more exciting information.
By the end of this email, you’ll see why, and how, you can make some good money Trading this stock this upcoming Monday (January 31st, 2011) – Be sure to read the entire e-mail.

ChartPoppers
Let’s get started:
Company Name: Sierra Resource Group, Inc.
Trading Symbol: SIRG
Website: http://www.sierraresgroup.com/
Quote: http://finance.yahoo.com/q?s=SIRG.OB
What normally happens when DEMAND goes up, and SUPPLY goes down?
Sierra Resource Group, Inc. (SIRG) is a very well positioned Copper mining company, that has some serious potential. Investing in Copper is not near as easy, than investing in a Copper producing company with serious potential like SIRG has.
Let’s review to separate aspects about this Trading Idea, so you can get a complete picture of what I’m talking about here.
First I want to go over what SIRG does, and look at Copper as a whole, and then I’m going to review the technicals and Market data for SIRG.
Sierra Resource Group (SIRG) is a mining company committed to the discovery and development of gold, silver, copper and other mineral resources. It is their goal to add value to our shareholders while maintaining a sound and safe mining strategy.
Chloride Copper Project
-Kingman, Arizona, U.S.A.
The Chloride Copper property consists of 37 unpatented lode mining claims and 12 millsite claims, and is located 24km northwest of Kingman, in the Wallapai District, Mohave County, Arizona. An open pit mine and the existing SXEW processing plant operated at the site from 1995 before being idled in 1996 due to low copper prices.
The copper deposit is hosted by Late Tertiary conglomerates and, to a lesser extent, by Quaternary alluvium and Cretaceous granitic rocks. Copper mineralization at this property is in the form of mineralized lenses contained within a paleochannel a few thousands of feet long and up to 750 feet wide. The source of copper is interpreted to be the low grade porphyry-type copper mineralization at Alum Wash, about 3.5 miles northeast of the Emerald Isle deposit. The mineralization is characterized by dark blue to black rock similar to the Exotica deposit, a satellite of the huge Chuquicamata copper deposit in Chile.
Past exploration (seismic survey by Arimetco) results suggest that a paleochannel similar to the one hosting this deposit may be present south of the current open pit.
To view all of the documentation on the Chloride Copper Project, please goto the following link: CHLORIDE COPPER DOCUMENTATION
Throughout my research on SIRG, I stumbled upon an article that what written back in December of 2009 entitled, “BMO Analyst: Copper Outlook is Strong Through 2011″.
Here’s an excerpt from the article, “BMO expects a deficit scenario in copper’s fundamentals by 2011, which will add further upward pressure to the price, which is anticipated to average $3.30 through 2011.”
View the article here: BMO Analyst: Copper Outlook Is Strong Through 2011
Now, if you follow Copper prices at all, then you know that Copper has MET, and EXCEEDED their anticipated average of $3.30, closing last Friday (January 28th, 2011) at $4.3211, and Copper futures are looking a little stronger!
View Current Copper Prices and Futures HERE
In a separate article I found during my research, I found this article: Copper 2011 Price Outlook. (This article was almost exactly a year later than the previous article to give you a timeline, and show the true strength of this commodity)
In this article they say, “Copper’s impressive price gains stunned analysts in 2010, as they consistently upgraded predictions. Now, with consensus that copper is one of the most fundamentally strong commodities, what are investment firms and analysts projecting for 2011?”
You see, it’s really all about supply and demand like I mentioned above.
Stockpiles now sit around 466,500 tonnes, down by around one third since early April and the largest slump in inventories since 2004. The supply situation will only tightening as miners cope with exhausting reserves.
There’s no doubt that Copper will continue to climb, and there’s a reason it’s being called “Red Gold”.
This directly ties in to my latest Trading Idea, SIRG, and in the “Stock Game” it’s all about finding these emerging growth opportunities that have potential for massive returns.
Let’s move on to the Market for SIRG now…
From a technical point of view (POV), this stock is absolutely stunning!
Overall: Bullish
Short Term: Bullish
Intermediate: Very Bullish
Long Term: Very Bullish
Support and Resistance shows very little resistance, stockpiled with Support.
The EMA is Very Bullish (across the board)
The MACD is Very Bullish, Bullish, Very Bullish (In that order: Short, Intermediate, Long)
Recent Candlestick Analysis is Bullish, showing a Bullish Engulfing on January 28th, 2011 (Last Friday)
Take a look at the technicals I just reviewed here: StockTA.com SIRG Analysis
You rarely see technicals that look this good alongside a company that looks as strong as this one does!
This Monday, I think it’s a very good idea to put this stock on your radar, because once the street gets wind of this company, you may not see these price levels again…
The Market itself will be the true benchmark of how high this stock will go, and for how long, but when I look at a company like this, in a sector like this, with all the analysts in the western hemisphere (Not to mention all the Copper hoarding China has been doing), pointing to the price of Copper continuing its rise, it’s almost a no brainer that we are in store for a run with stocks like this.
Put it on your radar immediately.
Remember your trading rules, and comfort zone, then make some money…. How much money, is really up to you.
The best and most recent example I can give you, was my intermediate Trading Idea from December 13th, 2010. That Trading Idea was AMPW, and I profiled it to you when it opened the day at .93.
Last Friday (January 28th, 2011), AMPW hit a high of 2.18, which is an astounding potential gain of 134.4% in a little over a month. In that case, a $5000.00 investment would have netted someone a total profit of: $6720 (approx. – trading fees, etc.), and even though AMPW closed last Friday at 1.78, that’s still up 91.39% from our original profile!
Enjoy your weekend, hopefully I’ve given you something to think about, and I think it’s a very good idea to put SIRG on your radar FIRST THING Monday morning (January 31st, 2011)
All the best!
ChartPoppers
http://ChartPoppers.com
info@chartpoppers.com