Small Cap Highlights
U.S. Precious Metals, Inc. (OTCBB: USPR.OB)
For
Monday, March 24^th, 2008

Tony Golan
Chief Technical Analyst
StockProfit.com™

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This week I chose to highlight the chart of U.S. Precious Metals, Inc. (OTCBB: USPR). USPR is starting a strong new long-term up-trend. The stock is making higher highs and higher lows above a rising 200-day moving average (the red line on the chart above). Relative Strength Differential (RSD), our proprietary indicator for selecting stock in super-strong up-trends, is well above the 25% threshold line, indicating USPR is much stronger than the S&P 500 and is therefore likely to continue to trend higher.

USPR spent much the last year in a sideways trend, swinging above and below the 200-day moving average without sustaining movement in either direction for very long. This all changed early this year, when USPR took off from around 0.,30 and started trending up, hitting a new high of 1.31 last Thursday.

When a stock is in an up-trend, it means it is likely to continue making higher lows and higher highs. That means that whenever USPR does correct, the correction is likely to end above the previous correction and the next rally is likely to end above the previous high. However, it will not be until USPR does correct that we will know whether the stock is likely to march to a new high from there or not. Therefore, and in light of the fact that this stock has tripled in the past three months or so, mean it will be prudent to wait for a correction before entering this stock.

Tony Golan
Chief Technical Analyst

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