Hi Everyone,
GOFF is on the move this morning breaking that 40 cents level. We told members in the last few days that this was bound to happen and we were right on with our prediction. In our opinion, the next move will be a steady rise and a breakout above the 50 cents level but this time things will be a lot more different...
Shares are getting accumulated steadily every day and this could result in a faster and stronger rise in the coming days as shares get more scarce. Smart investors are scooping up shares in gold companies at a very rapid pace in the broad market as well and this is a very bullish sign for GOFF.
Here's the proof that smart investors are buying gold stocks by the tons:
A report from INK Research was recently released and showed that insiders buying of gold stocks have surged to multi-year high.
“That is the type of insider buying we saw in the broad market during the height of the great financial crisis in late 2008 and early 2009,” points out Ted Dixon, CEO of INK Research. “A similar situation now seems to be in place among gold and silver miners.”
Having Corporate Executives of large Gold Mining Companies buying their own stocks is a clear bullish sign that gold is about to start a massive rally.
GOFF could soar with the wave of a bullish gold market and could break over $4 like similar gold companies in its sector.
With a recent analyst giving a value of GOFF at $2 per share, investors in GOFF could be sitting on a gold mine with shares at these cheap levels.
Your PennyStockInsiders Editor |
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