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Price of Gold and Company Updates

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Price of Gold and Company Updates
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The price of gold teased us as it reached US$1300/ounce only to drop to the US$1250/ounce. I believe a rise in gold above US$1500/ounce is imminent in the not too distant future. Factors such as economic and political instability will play a major role.

A salient point to remember is that gold in Canadian dollars is trading around $1650/ounce. Most of the junior miner companies are headquartered in Canada. Beaten up, most stocks are not performing as they should – neither is the price of gold. It will be an interesting year as gold and gold stocks continue to perform the ‘slow dance’.

In terms of the other companies we follow, including First Global Data (TSX,V: FGD), president Andre Itwaru has personally guaranteed me a Q&A session to answer my tough questions on the fall of the stock price and future prospects of the company. I hope to have that interview in the near future.

A lot of investors have taken money off the table and secured a healthy profit. As Bob Moriarty in his book Nobody Knows Anything states: “There is only one reason to buy any investment, that’s because you think it will go up.”

I brought First Global to your attention in December 2016 when it was trading around $.10. It eventually hit a high of $1.

Bob continues to state: “If you don’t take a profit when you can, you are going to take a loss. It’s the only alternative to taking a profit. Nobody ever went broke taking a profit.”

I still believe in the prospects of First Global Data, that is why I reloaded pretty heavily around the $.75/share level. With the LianLian agreement signed, the Indian agreement intact and with other future potential agreements to be signed, I remain optimistic. click here

We introduced you to Fandom Sports Media Corp. last year when it was trading around $.07/share, currently it is trading at $.37/share. I am happy for investors but surprised at the stock appreciation taking into consideration that there is no imminent revenue but the app just got Apple app store approval for public use for the Fandom Sports Media Platform. click here. In the coming weeks, I am expecting a full CEO Q&A on the prospects of the company.

Please visit www.JuniorGoldReport.com and under WATCH NOW you will see a video of still one my favorite picks, MGX Minerals (CSE: XMG). We introduced you to this company in the summer of 2015. Recently, around November 2016, the stock was trading in the teens and subsequently hit a high above $2.50/share. It has settled around the $1/share mark. The video is based on their ‘overlooked’ magnesium property, the Driftwood Creek Project. The market seems to be focused on their water treatment technology and the company’s extraction process of lithium and other minerals from brine.

IF this process proves to be ‘successful’ the company could prosper tremendously rewarding shareholders. Currently, I have no reason to believe that the process is flawed and I await results. I presume it will need to be updated as different grades of oil will be filtered and different minerals will be extracted.

I recently put a substantial amount of my own money in the private placement. MGX Minerals is my largest holding.

I intend to have frequent updates on the company.

Secondly, on www.JuniorGoldReport.com under WATCH NOW you will see a video on YDreams and their virtual reality gaming platform. I will also be uploading the video on my tech site www.techmoney360.com which is expected to launch in the fall.

 Happy Investing!

Dr. Kal KoTECHa

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