GLLK provides traders with a big opportunity to profit in the near term. What are you waiting for?
Strike while the iron is hot.
I need to let you know that my newest trade idea is dangerously close to escaping you and you really, really mustn’t let that happen.
In case you haven’t been paying attention or have been busy my alerts have helped put traders in the position to profit by over 1,200% over the past month.
This means that $1k could have become $13k if you played each alert perfectly.
We all know that’s hard to do and that’s why I’m bringing you yet another alert which appears ready to put even more bread on the table.
Gold Lakes Corp. (OTCQB: GLLK)
“Rumors of my demise have been greatly exaggerated.” Mark Twain said that back in the 1890s but if the mining industry could speak, that’s what it would say.
The industry’s taking a beating for sure, but despite all that, there are some gems to be had. Like my newest trade idea, GLLK.
GLLK’s primary asset is called Big Monthy, a 2,846 acre property consisting of 72 mining claims and which is situated Abitibi Greenstone Belt region, in Ontario, Canada.
Two things to note: Abiti Greenstone is a prolific area that is sitting next to presently producing gold mines. One of these gold mines was recently sold for $178M CAD. Finally, GLLK has picked perhaps one of the most secure countries to build up mining operations – Canada. Investors know this and they have started to act on GLLK’s growth potential.
Around 6 days ago GLLK announced that it has raised a total of $835K in a private offering. Confirmation of upside, perhaps? I think so. I also think that GLLK is poised to take off in the near term.
The play has just been given a boost by Barchart.com. The ‘Buy’ rating has already sent volatility levels soaring and in the last session GLLK managed a 62% volume breakout.
Say nothing of the fact that GLLK has added over 6,000% to lower valuations since October 2015. The swelling has sent valuation soaring, culminating in a current 12-month high of 1.02.
GLLK is trading at around 0.65 at the time of writing. This offers realistic near term upside of more than 20% tracked against the 20 DMA of 0.78.
Incidentally, GLLK has surpassed the 50 DMA of 0.44 so the 48 RSI should be taken as a call to action.
GLLK looks very peppy indeed. Do yourself a favor, take a look at it.
Check out the chart…
Here’s a link to the chart: http://www.barchart.com/interactive_charts/stocks/GLLK
GLLK (Gold Lakes Corp.) is an exploration stage company that specializes in acquiring and developing mining assets. Gold Lakes Corp. primary asset is known as the “Big Monty” property, located in the prolific Abitibi Greenstone Belt region, in Ontario, Canada. The Big Monty is comprised of 7 claims totaling 2846 acres and was 100% acquired by Gold Lakes in a deal with Flex Mining Ltd. The Big Monty property is bordered by producing gold mines and is situated within the Procupine-Destor Fault Zone “PDFZ” and Larder Lake Cadillac Fault Zone. Gold Lakes has recently acquired 100% interest in 31 claims in the Abitibi Greenstone Belt region.
Gold Is Having Its Best Spell Yet – Now Pushing Above $1,300
Gold prices closed higher on Monday [Aug 1], continuing gains in the wake of weaker-than-expected economic growth in the U.S.
Gold for December delivery settled up 0.2% to $1,359.60 a troy ounce on the Comex division of the New York Mercantile Exchange, marking its fifth straight day of gains.
Peter Hug, global trading director at Kitco Metals, said investors continued to digest weak economic data from the previous week. Prices had jumped on Friday after data showed U.S. gross domestic product grew 1.2% in the second quarter, compared with the 2.6% forecast by analysts surveyed by The Wall Street Journal.
August tends to be a quiet month for trading, Mr. Hug said, which can also make the market more susceptible to exaggerated moves on fresh news. “I could feel it when I walked in…today’s just going to be dead and it pretty much has been,” he said. Gold is “really just treading water right now.”
Gold Lakes Corp. Announces $835k Private Financing
GLLK recently announced that it has closed an agreement with an institutional investor for a private offering of convertible debentures with gross proceeds of $835k in two closings.
Company management commented “This funding allows Gold Lakes to develop and execute the current work plan for the “Big Monty” which consists of extensive geophysical work and a drill program and allows us to capitalize on our strategy of identifying and acquiring prospective properties in well-mineralized mining areas and advancing these properties toward making new discoveries within the Abitibi Greenstone Belt. We believe there is a significant opportunity to acquire complementary properties or assets in the metals market.”
For slightly over a century, the legendary Abitibi-Greenstone belt has produced hundreds of billions of dollars’ worth of mostly gold, silver, copper and zinc.
To learn more about GLLK please visit their website: http://www.goldlakes.com/
GLLK is shining at the moment. Feel the glow for yourself and give it some attention.
We have been compensated $35k cash via bank wire by a third party, Kaavay, INC, to conduct investor relations advertising and marketing for GLLK Stellar Media’s business model is to receive financial compensation to promote public companies. This compensation is a major conflict of interest in our ability to be unbiased regarding . Therefore, this communication should be viewed as a commercial advertisement only. We have not investigated the background of the hiring third party or parties. The third party, profiled company, or their affiliates likely wish to liquidate shares of the profiled company at or near the time you receive this communication, which has the potential to hurt share prices. Any non-compensated alerts are purely for the purpose of expanding our database for the benefit of our future financially compensated investor relations efforts. Frequently companies profiled in our alerts may experience a large increase in volume and share price during the course of investor relations marketing, which may end as soon as the investor relations marketing ceases. The investor relations marketing may be as brief as one day, after which a large decrease in volume and share price is likely to occur. Our emails may contain forword looking statements, which are not guaranteed to materialize due to a variety of factors.