CPMCF: A Foreign Stock on the Run

Coastal Pacific Mining (OTC BB: CPMCF) came off of 5 cents today with unbelievable volume, the amount of trading leads me to believe this stock might be a good play heading into tomorrow.   Keep a close eye on this one Wednesday morning, as the chart is pointing to another big day.

There is no sure reason why this company is trading so strongly.  It seems like investors are buying into the potential of a Peruvian venture as highlighted by their press release this morning on the decorated history of mining in Peru http://finance.yahoo.com/news/Coastal-Pacific-Provides-iw-811690334.html?x=0&.v=1

Whatever the case may be, one thing I know is this, momentum is on the bullish side.

About Coastal Pacific
Coastal Pacific activities are to explore, develop and mine gold and silver resources in North and South America. As its primary focus, Coastal Pacific will joint venture with companies having reserves to develop and produce. Currently the Company is in a joint venture agreement in Ontario, Canada.

Our philosophy is to participate with companies who are in the later stage of exploration and are ready for development. Gold and silver have been used as money for over 3,000 years. History has shown that in periods of market downturns gold and silver have proven to be a dependable hedge for investors against both inflation and any monetary crisis.