Gold is up by $28 this morning to $1,673.70 per oz and has just surpassed its short-term key breakout point of $1,653 per oz! Gold's current chart is the most bullish we have ever seen it in history!
On Thursday afternoon at 3:15PMEST, NIA explained that its #1 favorite gold stock by far is Idaho Champion Gold (CSE: ITKO). Following NIA's Thursday afternoon alert at $0.085, ITKO gained by 17.65% to finish last week at $0.10 per share on total weekly volume of 1,624,000 shares... ITKO's highest weekly volume of 2020 and second highest weekly volume in history!
ITKO has a long-term key breakout point of $0.11 per share that it could be getting ready to break as soon as today! Not only has $0.11 per share been ITKO's resistance level in 2020, but it has also now become ITKO's 200-day moving average making it especially important!
In recent weeks, the world's #1 hottest gold stock has been Endomines, which trades on the Swedish exchange. After gaining 12.69% on Thursday to close at SEK6.04 per share on volume of 103,141 shares, Endomines on Friday morning gained as much as 20.86% to reach a new 52-week high of SEK7.30 per share! Endomines finished Friday up by 9.93% to SEK6.64 per share on huge volume of 395,771 shares! This morning Endomines is up another 3.92% to SEK6.90 per share! Since July 17, 2019, Endomines has gained by 96.58% vs. VanEck Vectors Gold Miners ETF (GDX) declining by 7.9% and VanEck Vectors Junior Gold Miners ETF (GDXJ) declining by 21.19%.
Endomines was the only major gold stock to reach a new 52-week high on Friday and ITKO is the only North American listed gold stock that is actively exploring a major gold project in the Orogrande Mining District of Idaho where Endomines' Friday Gold Mine is located. Endomines' Friday Gold Mine has just entered production and ITKO's Baner project is located only 5 miles north of the Friday Gold Mine. Endomines also owns the Buffalo Gulch and Deadwood projects located north of ITKO's Baner project.
ITKO recently conducted the first ever drilling campaign at the Baner project and intercepted gold in an unbelievable 18 of 19 drill holes! ITKO's 7 drillholes on the Northern end of its 500m strike intercepted high grades of near-surface gold! ITKO's Baner remains open to the north by 2.7km! ITKO is planning a 20 hole drilling campaign for 2020 to extend its strike further to the north where the company has been discovering its high grade near-surface gold!
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 ITKO of USD$30,000 cash for a six-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.