I think depending on how good one is at forecasting gold prices in the future a lot of these in this gold penny stock list could be long-term holds. However, I think the recent run-up in gold stocks could allow them to fall just as fast as they rose. I only like this gold stocks list for possibly finding short-term trades. I like to use a tight stop loss and quick profit taking because buying penny stocks can be risky.
Gold Stocks List
Augusta Resource Corp. AZC $80 mil market cap has been a little left behind in the gold and metal frenzy until these past few days.
Golden Star Resources GSS $427 mil gold penny stock
Great Basin Gold GBG $402 mil Nice hammer. Buyers look like they want a lot more.
US Gold UXG volume could be a little overdone soon
Vista Gold Corp. VGZ Interesting hammer. Volume doesn't look overdone.
So I think these may turn out to be cheap penny stocks if gold is up and they can be a speculative trade with good risk management. I really love penny stocks and penny stock picks. Are penny stocks a good investment? In most cases in my opinion no. Profits should always be taken or losses cut in my opinion.
If you're asking yourself,how do I buy a gold etf? or how do I buy gold as an investment? you will need a stock broker. These accounts are easy to set up by oneself. This is my favorite broker to buy penny stocks online and the one that I use right now because of the low flat commission.
New analysis in this Gold Video
Some Gold Market key levels to watch for
A gold stocks list to consider.
full disclosure: no positions
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