Could gold penny stocks be the next hot sector?
I’ve been warning traders for months that this bubble market could burst anytime …
In this case, traders and investors could invest their money in commodities and other “safe” assets.
That could mean big moves for those penny stocks.
But I am not trying to predict the market – I am preparing. It’s what too many traders don’t do. And that’s why most traders lose.
Don’t blindly jump into that niche or penny stock sector. Prepare your watchlist and be ready when the right pattern shows up.
Now, let’s get to the 10 gold penny stocks we can see in 2021 …
Top 10 Gold Penny Stocks to See
Before I get on my list of stocks to see in this sector, let me stress that this is one Observation list. I’m not even allowed to trade these stocks. And I’m definitely not going to invest and hold penny stocks long term.
I don’t trust any Penny Stock Company. If you want to know why, get my free book, An American Hedge Fund. You will find out how I lost $ 500,000 of my own money investing in one of these companies.
If you’re new to the sketchy world of penny stocks, start your education with my FREE penny stock guide.
Add these penny stocks to your watchlist and keep an eye on them for news. It could be company-specific news like acquiring new mining claims. Or it could be industry-wide news, such as a surge in gold commodity prices, that requires more exploration.
Always wait for a pattern and have a strategy that works for you. Then make a trading plan.
Here is the list of gold penny stocks …
Gold Penny Stocks # 1: New World Gold Corp. (OTCPK: NWGC)
NWGC is a sketchy OTC Pink Sheet Stock. The company description on OTCmarkets.com reads “Gold Ore Exploration”. It’s called a “stop sign,” which means that the company’s information is not up-to-date.
But despite the lack of news or information, the stock is trading with high trading volume and making new highs. It could be a pump trade – careful. Strive for singles and sell on strength.
Gold Penny Stocks # 2: Gold X Mining Corp. (OTCQX: GLDXF)
GLDXF is a Canadian gold mining penny stock developing a project in South America.
In March, the company signed an agreement to be acquired by Gran Colombia Gold Corp. (OTCQX: TPRFF). The company will hold a general meeting in May to vote on the agreement.
Gold Penny Stocks # 3: Gran Colombia Gold Corp. (OTCQX: TPRFF)
TPRFF is a Canadian gold company prospecting for gold in Colombia. This is the ticker I just mentioned that is included in an agreement to acquire GLDXF. The approval of the shareholders is still pending.
This company pays a dividend. The share is trading at around USD 5 per share, with a low volume.
Gold Penny Stocks # 4: Sokoman Minerals Corp. (OTCQB: SICNF)
Sokoman Minerals Corp. is a Canadian company. The gold exploration company focuses on the acquisition of mineral-rich properties. The main property is located in central Newfoundland, Canada.
In March of this year, the company announced the acquisition of a second property. The new property in northwest Newfoundland has over 1,800 gold claims.
This stock created this watchlist because she is a retired runner. In 2018, it rose from under 5 cents per share to almost 45 cents within a few weeks. In March of this year it rose from around 17 cents per share to over 35 cents with an above-average volume.
Gold Penny Stocks # 5: Minera Alamos Inc. (OTCQX: MAIFF)
MAIFF is another Canadian gold penny public company. It purchases real estate and searches for gold, silver, and copper in Mexico.
In February, management took part in the virtual metals and mining investor conference. The on-demand viewing of the presentation is available here for 90 days.
Gold Penny Stocks # 6: Labrador Gold Corp. (OTCQX: NKOSF)
Labrador Gold Corp. is another Canadian gold exploration company.
It received permits for its drill program in March and made this exploration update available.
Gold Penny Stocks # 7: Vanstar Mining Resources Inc. (OTCPK: VMNGF)
Yes, another Canadian gold mining penny stock. VMNGF acquires, researches and develops mining properties in Canada.
In January 2021, the company appointed a new President and CEO.
In February the company announced a business update saying, “The company has a strong financial position with $ 5.8 million in cash and an active exploration program planned for 2021.”
Read the full press release here.
Gold Penny Stocks # 8: GoldMining Inc. (NYSE: GLDG)
GoldMining Inc. is acquiring and researching gold properties in the Americas. It has mining claims in Alaska, Northwest Territories, and Colombia.
In December 2020, the company joined the VanEck Vectors Junior Gold Miners ETF (NYSE: GDXJ).
Gold Penny Stocks No. 9: Avino Silver & Gold Mines Ltd. (NYSE: ASM)
ASM searches for gold, silver and copper in Canada. The company recently announced that it will expand its exploration and drilling program in 2021.
Read the company’s fourth quarter earnings and annual report 2020 here.
Gold Penny Stocks # 10: Yamana Gold Inc. (NYSE: AUY)
Yamana Gold is a gold and silver producer. It has properties in Canada and South America.
It’s another penny stock that pays a dividend. There’s no breaking news, but it’s high volume.
See the hottest stocks I see right now
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But remember that all of these are stocks Watch stocks. Never blindly follow stock picks or warnings from people – not even mine.
I have compiled these watchlists to help students and new traders learn the process behind creating a watchlist and trading plan.
Bottom line: should you trade gold penny stocks?
Gold prices for commodities are near all-time highs. Some investors consider gold a “safe” investment when the markets are falling.
If we see a market correction or a crash, it could mean increased interest in gold and gold-related stocks.
But I never try to predict market trends or stock movements. I like trading penny stocks that are proven to be able to tip. So I’m looking for big, high volume percentage winners and a catalyst.
If you’re interested in learning about the patterns and strategies I’ve used to make money in the markets over the past 20 years, apply for my Trading Challenge today.
I do not accept all of them. That’s why I let people apply – to weed anyone too lazy to do the job.
I only want students who have the commitment and commitment to become self-sufficient traders. If you are, apply for my Trading Challenge today.
What do you think? Will you be trading gold penny stocks in 2021? Let me know in the comments … I look forward to hearing from you!