Spot of Sterling

Interesting news item that I missed during the relatively hectic Thanksgiving week: GoldSpot purchased shares in Sterling Metals (formerly Latin American Minerals). GoldSpot is a large position of mine and I own a speculative position in SAG as well.

Spot looks solid above 40 cents, but the chart resembles gold. Considerable weakness exists if gold breaks $1800. Goldspot could also see a substanial pullback. Sterling has substantial support around 21 cents and 50 cents is the resistance before a breakout.