The Golden Ticket For Small Cap Stocks
CORAL GABLES, FL / ACCESSWIRE / June 22, 2015 / The price of gold is expected to rise to upwards of $1,300 per ounce by year-end said the manager of GFMS Precious Metals Demand Asia, Cameron Alexander at the Gold Precious Metals Price Outlook Conference and Financial Markets Price Outlook Conference Tuesday. Meanwhile, it was announced that the Bank of China would soon become the first Chinese bank to help set gold prices. Analysts suggest that this move would "lead to more trading volumes and greater price transparency."
Mining and metals stocks like US Precious Metals, Inc. (USPR), Midway Gold Corp. (NYSE MKT: MDW), and Rimrock Gold Corp. (RMRK) could see a reaction to the rise in momentum that this market is starting to see.
US Precious Metals explores and develops precious and base metal properties in Mexico and owns exploration & exploitation rights to approximately 37,000 acres of land in Michoacán, Mexico. In a recent drill update, David Burney, USPR's geologist stated, "We are seeing significant zones of mineralization with Bornite, Pyrite and Chalcopyrite clearly visible. This is indicative with what we have seen from our prior drilling campaigns and we are eagerly awaiting the assay results to confirm our observations."
Aside from traditional drilling, US Precious Metals has also taken a firm stance in committing to the local community. The Company has helped the village of el Zapote de Cuendeo by developing local roads and by offering amenities.
Midway Gold Corp recently announced the results of its 2015 Annual General and Special Meeting of Shareholders. Of note, results included the election of all nominees listed in the management information and proxy circular being elected as directors of the Company. Though the stock had previously taken a tumble from previous highs of $0.82 earlier in the year, shares of MDW have increased in price. From lows of $0.0412, Wednesday highs marked a rally of more than 200% with volume continuing to trend above average.
A few weeks ago, Rimrock Gold Corp. announced that new, more advanced targeting concepts are being implemented at its Ivanhoe Creek property in the high-grade Midas-Hollister Gold Trend in northern Nevada, which holds 22 unpatented lode-mining claims. Rimrock's main exploration assets comprise a 100% interest in the Rimrock, Ivanhoe Creek, Silver Cloud, and Pony Spur gold-silver properties in Nevada. Since making the announcement, shares of RMRK have increased in price by as much as 200% after hitting highs of $0.0009 over the last several weeks. Volume has also increased as more attention has risen along with the speculation surrounding the gold market.
ABOUT US:
www.DailyStockReporter.com monitors and scans the markets for stock related signals as well as any external factors that might bring trading opportunities. Through a vast network of IR professionals www.DailyStockReporter.com is often in the know of several large investor awareness campaigns being deployed.
Timing is everything when trading Penny Stocks. You can subscribe to the www.DailyStockReporter.com newsletter and start receiving daily alerts. To subscribe by phone and receive messages directly to a mobile phone, text the phrase "StockAlerts" to 63566.
Legal Disclaimer
Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements.
EGM FIRM INC which owns www.DailyStockReporter.com, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release.
EGM FIRM INC, which owns www.DailyStockReporter.com, may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice.
EGM FIRM INC which owns www.DailyStockReporter.com, may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two.
CONTACT:
Company: EGM FIRM INC.
Contact Email: adam@egmfirm.com
SOURCE: DailyStockReporter.com
