best gold penny stocks to trade

It’s official, gold has reached a pivotal point. On April 13th we saw the shiny metal hit highs not seen since October of 2012 and that boosted gold stocks in a BIG way. I know you’re here for a reason and lucky for you during times that gold rallies like this have seen small-caps outpace the blue-chips by far. At the beginning of the month, we issued our first stock alert of the year on IMC International Mining (IMIMF) (CSE:IMCX).

Not only is the gold sector red hot right now but IMC International Mining (IMIMF) (CSE:IMCX) is right in the middle of one of the most important times for the company. Let me explain why: First, it has just completed a multi-million dollar acquisition of Thane Minerals. Thane’s Cathedral property is located in one of the most prolific areas of gold discovery in the world. This property is untapped but comparable plots already have shown significant production and reserve numbers.

Rider:  It is noted that the results of nearby or adjacent properties are not necessarily indicative of the potential of the Cathedral property and should not be understood or interpreted to mean that similar results will be obtained from the Cathedral property.

This month, one of the top reasons people are watching this company closely: IMC International Mining (IMIMF) (CSE:IMCX) has begun to explore the potential of what’s in the ground. Before I get into the technical trends we’ve seen, make no mistake that fundamentally, for a junior exploration company, timing is very important right now. On April 13th the company announced that it just sent rock and soil samples out for testing.

Why is this so important?

In simple terms, this is the time where we’ll likely get a “look under the hood” as they say. The location of Cathedral, the Quesnel Terrane is definitely exciting. Considering that Quesnel hosts past and planned production, you could see why IMC International Mining (IMIMF) (CSE:IMCX) has targeted this region.

Rider:  It is noted that the results of nearby or adjacent properties are not necessarily indicative of the potential of the Cathedral property and should not be understood or interpreted to mean that similar results will be obtained from the Cathedral property.

But what could be even more exciting is if the company’s samples come back with good results showing the potential of the property, specifically.

[Read the April 13th Announcement]  IMC International Mining Corp Announces Commencement of its Analytical Geochemical Program & Sends Rock and Soil Samples for Lab Testing

So if you’ve been following IMC International Mining (IMIMF) (CSE:IMCX) or have just started looking at this company, understand that timing is very important right now. That’s not just in consideration of the price of gold, but also the potential near-term milestones ahead.

Top Gold Penny Stock To Watch

Late last week we saw IMIMF reach new, all-time highs of $0.61 and from there we saw some profit-taking push it down to lows of $0.40. But something we also recognized was that this $0.40 area was a previous area of resistance even before we alerted the company. With this in mind, we identified that the same level (if it managed to bounce) could present a potential level of support; which it has.

best penny stocks IMC International Mining IMIMF

After hitting $0.40, not only did IMIMF bounce back and close the April 8th session at $0.47 (17% rebound) but it hasn’t looked back since. On the 13th, IMIMF managed to break back above $0.50 once again, saw strong momentum, and further extended last week’s move.

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Could this be a “right place, right time” scenario? You be the judge

But what we can say is the following:

  1. The global economic situation is supportive of a bullish gold market & gold prices are soaring
  2. During times of gold rallies, gold penny stocks tend to outperform the rest of the sector
  3. IMC International Mining (IMIMF) (CSE:IMCX) has just completed its multi-million dollar Thane Minerals acquisition
  4. IMC International Mining (IMIMF) (CSE:IMCX) is now awaiting results from over 460 samples submitted for lab testing
  5. Incoming Chairman, Greg Hawkins doesn’t put his stamp of approval on just any property. Not only does he have decades of experience, but he has also built companies that were part of at least 4 major mining company acquisitions that were collectively worth more than $2 billion in deal size.

These are just a few of the big highlights from the last few weeks. We were asked for a stock alert and so far IMC International continues to reach new milestones. What’s next?

Click Here To Start Your Research On IMC International Mining

best gold penny stocks to buy this week
penny stocks IMC International Mining (IMCX) (IMIMF) Disclaimer

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