The Canadian stock markets have been closed today for a Canadian holiday on the same day that gold in Canadian dollars exploded to a new all-time high of $1,936.77 per oz, which is $41.88 per oz above its previous record high set in September 2011 of $1,894.89 per oz. Tomorrow, look for Canadian investors to load up on gold stocks, and there is no better looking gold stock both fundamentally and technically than Ely Gold Royalties (TSXV: ELY). Very few investors are aware of this, but ELY has a U.S. listing on the OTCQB exchange under the symbol ELYGF.
NIA's U.S. members have a very BIG opportunity right now to consider taking advantage of ELYGF here because ELY could have an absolutely HUGE day tomorrow!
One week ago on the morning of Monday, July 29th, ELY surpassed its key breakout point of $0.265 per share and immediately exploded to an 8+ year high of $0.38 per share. Instead of chasing it, NIA decided to wait for a healthy pullback. Luckily, ELY dipped by $0.07 from its high of day to close July 29th up by $0.04 to $0.31 per share on strong volume of 493,036 shares, its highest volume of 2019. On Tuesday, July 30th, ELY dipped $0.01 to $0.30 on light volume of 140,100 shares. After realizing that NOBODY on earth was willing to sell a single share below $0.30, we rushed to suggest ELY on Thursday afternoon at 3:30PMEDT as soon as gold began to breakout big!
ELY closed Thursday up $0.065 to $0.37 per share on strong volume of 366,693 with 68% of its volume trading in the final half hour. On Friday, ELY surpassed its previous resistance level of $0.38 and closed up $0.03 to its high of day of $0.40 per share on strong volume of 348,609 shares!
ELY didn't just close Friday at its high of day but it also closed at its high of week, high of month, and high of year! In fact, it was ELY's highest close in 9+ YEARS but we PROMISE you have SEEN NOTHING YET!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from ELY of USD$30,000 cash for a six-month marketing contract. Never make investment decisions based on anything NIA says. This message is meant for informational and educational purposes only and does not provide investment advice.