What you're looking at above is Gold's price over the previous 6
months. As you can see, it has been
steadily rising and could
potentially start aiming towards all-time highs (approx.
$1,900 an ounce in
So, What Are Some Of The Gold Prices Driving Forces?
Inflation could be a
In the past, faster inflation has been constructive for gold
prices. That’s because inflation, by its nature, destroys your
purchasing power, and to limit these losses, traders have
traditionally turned to the yellow metal as well as gold mining
Geopolitical and economic
risks raise the demand for a safe haven.
There are a number of geopolitical and economic risks right now
that have triggered gold’s “fear trade.” Economic growth is slowing
worldwide as a result of trade tensions.
Unrest in Hong Kong as well as the recent attack on Saudi Arabia’s
oil facilities, have helped support gold demand.
Some countries are really
starting to take notice of Gold.
Russia and China seem to have learned something from the 2008
financial crisis. Since then, they dramatically increased their
Reportedly, nobody is buying gold as fast as these two
Russia’s increase is the most dramatic, according to the recent
report from the IMF. The Russian central bank has almost doubled
its gold holdings within the last 5 years to 1,094.8 tonnes in June
of this year. China’s Central Bank followed with an increase of 75%
from its holdings in 2009.
Because of the above information, and pretty much the potential for
serious gold breakout , I
want you to turn your complete attention to
Surge Exploration, Inc.
(OTCQB: SURJF) .
Surge Exploration also trades on the TSX-V under the symbol (SUR),
and on the Frankfurt Stock Exchange under the symbol (DJ5C).
*The 7 Main Reasons SURJF
Could Be Ready To Go Viral*
#1. The company is
$3.6Mn valuation could potentially be low given that they have 3
quality gold projects (BC Canada) and 2 quality cobalt projects
#2. Focused on Gold and Gold
is doing well.
As I showed in the chart above, gold has been a wrecking ball over
the previous 6 months it looks like it could just be heating up for
an even bigger move.
Also mentioned above, in August of 2011, gold prices hit a high
near $1,900 an ounce. If this happens again in the short-term, the
stock could get an injection of momentum for traders looking for
undervalued ideas in the gold industry.
#3. The Surge team is world
The team behind SURJF's rise has deep geological experience in Gold
The company's key geological advisor is
Bill Morton , a 40 year
veteran geologist and mineral explorer. He is the
founder behind the
Lorraine Copper (sold to Sun Metals) and Eastfield Resources. He
has actively explored in Canada finding many gold deposits.
#4. The Mineral Mountain
project's surrounding region.
Prominent among early discoveries in the Omineca region were the
nearby Lustdust/Stardust property (Sun Metals Corp.) covering a
large, coherent integrated porphyry-skarn, epithermal system; the
Kwanika property (Serengeti Resources Inc./POSCO Daewoo) a
promising advanced stage copper-gold project; the Lorraine property
(Lorraine Copper Corp.) host to a large copper/gold NI 43-101
The company has a 197 km squared patch of land there (large land