Hi Everyone,
GOFF saw the start of a huge rally today jumping 16.82% on 22 million shares. This is the type of day that precedes a massive run up in price. We believe GOFF to be at the start of an inflection point where it could literally jump 20-30%+ per day given all the strong accumulation we are witnessing.
We mentioned in the past that shares were getting scooped up very rapildy and that the float was getting much smaller. Well, today is the result of what is happening when investors looking to buy shares in GOFF are having a hard time buying at the price they want: the price jumps up.
We believe today's action will continue in the coming days and weeks as more investors learn about the huge potential of the La Frontera property. Wall Street is also waking up to the GOFF story and there is little time left for members who are interested in adding to their positions at cheap prices.
GOFF is set to soar past $1 this week and make a move towards the $2 valuation given by a recent analyst. We are very confident that GOFF has a lot more to gain considering that the company has yet to reveal any potential reserve numbers or projections. Patient members that hold or adding to their positions could soon be rewarded by GOFF soaring to the dollar zone.
With strong daily accumulations, share in GOFF could soon trade over $1 and make a move towards the $4 price target given by a recent CFA Analyst.
Last Tuesday, Legendary Fund Manager Eric Sprott who manages $11 billion in the precious metals market, was quoted saying the following:
‘The small companies always outperform the big companies, because they have more room to expand. I’d much rather buy a guy whose producing 100,000 ounces who can go to 200,000 ounces, ie who could double his income, than a major guy who’s at five million who thinks he might get to 5.5 million in three years, so there’s not the same growth element. So I always prefer the small to midcap guy, as providing by far the bigger return.‘
This is a great analogy of how small-cap gold investors should invest: picking small companies with huge growth potential and that's exactly what GOFF could offer to its potential investors. With billions of dollars in potential gold in Colombia, early investors in this hot market could reap the benefit of an upcoming boom and become overnight multi-millionaire.
We mentioned yesterday that Ventana Gold Corp. was sold for a whooping $1.5B back in 2011 turning early investors in this mining company with Colombian claims into overnight multi-millionaires. Could GOFF be the next place to invest? It sure seems like it with strong daily accumulations from retail investors and potentially institutions.
In fact, we saw another bid for 1M. shares today at 50 cents, this could be yet another sign that more institutions are starting to consider GOFF as a long-term investment. We believe more heavy buyers could start looking at GOFF and this can only mean more upside for early investors in GOFF.
Lastly, we took the time to compile the short volume from Finra and the reg sho list, it comes as no surprise to us that over 20 million shares in short volume was accounted for in the last few trading sessions but as we've seen today, short sellers that are building a short positions are met with heavy buying pressure that forces them to cover almost instantly. We expect that more short covering will propel shares in GOFF to a much higher price point.
One of the most epic short squeeze we've ever witnessed in the past happened with 'LEXG' a few years ago, when this mining stock skyrocketed from around 50 cents to over $10. Should GOFF experience even half of that of, its shareholders would be sitting on almost $5 per share.
Many bullish indicators are point for more green days on GOFF, don't be left chasing when the real rally starts.
The trend is your friend and GOFF is paving the way for more momentum!
Your PennyStocks.com Editor |
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