Hi Everyone,
Our golden pick GOFF traded over 249 million shares. This shouldn't come as a surprise on the eve of major economic troubles in Europe and more specifically with the Bank of Cyprus' recent EUR 17 billion bailout.
Investors are buying safe haven products in gold-related investments. In fact, today gold price hit over $1,600 per ounce as fear in Europe continues to grow. There has never been a better time to invest in gold companies then now in our opinion. The instability about the European financial institutions created a huge opportunity for investors to jump on gold companies like GOFF.
GOFF is just getting started and with so much accumulation from investors looking to be involved in gold-related investments today, we wouldn't be surprise to see GOFF jump over 400% or more in the near term!
GOFF operates in Colombia where recent gold production has ranked the country 2nd to 5th largest gold producer in South America. Through its wholly-owned subsidiary, GOFF owns the its La Frontera project, in the Caldas region. As stated by the company:
"The Caldas Region is widely regarded in the mining investment community as one of Colombia's hottest gold exploration and production areas.
In 2011 an estimated 55,908 kilograms of gold valued at over USD $2.8 billion were produced in that South American country.
Approximately two-thirds of Colombian gold production has been from placer deposits in the Department of Antioquia, which is immediacy adjacent to and straddles about 30% of the leases where Golden Glory's La Frontera Project is located.
Exploration was carried out by previous leaseholders and several artisanal miners have produced gold from the La Frontera property. This data, combined with modern mining approaches and review led to the acquisition and new initiative being launched by Goff subsidiary Golden Glory Resources.
As stated by the company, small amounts of gold have been produced in the past at the La Frontera property. A positive sign that a LOT more gold could be right underneath the property.
As you might be aware, our last mining pick soar an incredible 480% and reached a high of $1 within weeks. Our feelings about GOFF is not only stronger but we see the potential of La Frontera property to hold tremendous value especially in the light of all the economic turmoil. The rush to gold-related products from investors on Wall Street should send GOFF much higher in the near term!
We expect huge coverage from many financial portals to take notice of this little gem in the very near term and so we urge our members to start their due diligence as soon as possible before shares skyrocket even more.
Our new mining pick GOFF is about to surprise the small-cap market. Get ready for a lot more momentum in the upcoming days and weeks!
Your PennyStocks.com Editor
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