Good Morning Everyone,
GOFF is moving higher today and is looking to break the 40 cents level very shortly. The Federal Reserve's decision to continue to buy back billions in U.S. debts is about to send gold stocks through the roof and GOFF is among the first stock to rally in a big way.
Analyst Jan Skoyles, head of research at The Real Asset Co. said:"This is good for gold in the long-term, but some may fall for the Fed's belief that the economy will see some moderate growth."
What this means is investors shouldn't fall for the short-term solutions that the Federal Reserve is providing. The writing is on the wall, it is clear that gold is about to rally again.
Written in a SeekingAlpha article on Wednesday, an analyst said that gold will finish 2013 up at around $1,880. The analyst further said that gold and mining stocks are ready to lead the way to a strong rally, setting the stage for a resumption of the bull market.
We expect a lot more analysts to start covering gold in a bullish way and to start covering GOFF as well.
In our opinion, GOFF will benefit from such positive coverage and could cross over $1 very easily. Adding GOFF to your portfolio could be very profitable in the near term.
Continental Gold Limited which owns several Colombian properties jumped over 400% when it first went public. We believe GOFF to hold similar potential given its La Frontera property in Colombia and the continued updates from the company.
Your InsidersLab Editor
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