The KINGZ are dedicating today's blog to Gold Stocks for they seem to have been front and center this past week. With gold looking to surpass $1,400/oz on Monday & is already at an all time high, investors seem to be flocking to all types of gold stocks and the KINGZ feel the need to alert of a few that is looking to have a great week an dish out significant gains.
SGCP- Significant volume has flowed back in SGCP last week as shareholders are looking to see further gains. SCGP ran from .0013 to a high of .0025 and has healthy consolidated the past two days and closed at .0016 on Friday. When viewing the chart, this has a great support of .0013 and is not looking to close below that and only to go much higher in the coming weeks.
SAEIE - The KINGZ initially alerted this at .026 and it ran to a high of .21 and has had healthy consolidation the past 4 days and is looking to start it's second bull run from it's current price per share of .084. The KINGZ still have a short to midterm price target of .40 and with gold in EXTREME demand and setting record highs on a daily basis, the KINGZ feel pretty comfortable with that price target.
MXGD - MXGD was trading at .75 the last week of October, and at .02 just this past Friday. The KINGZ are alerting this as a sheer bounce play as we see a current .0018 price very enticing for a gold stock in which investors are quickly on the search for the next sub penny gold play with great potential to break out. We advise all of our members to keep this on your radar.
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