The best way to play the surging gold trade
Published: Mon, 06/12/17
 SMS alerts can make the difference between a profitable trade and a missed opportunity. Text “alert” to 97000 to receive our instant, reliable and free SMS alerts. Traders and Investors, We had a solid end of week Friday as we saw SHIP gain a respectable 20%, and then gap up again this morning. Tomorrow I'm focusing on a fresh new trade idea that caught my attention after an above average volume day. Our new trade idea is Rise Gold Corp (RYES). Gold has been surging higher, and mining companies have been following suit. Is RYES the next mining play to make a move higher? Let's find out. As you can see in the chart below, RYES has been range bound over the past few months. Back in Feb it surged from around $0.15 to $0.34 in a week, before pulling back to $0.15 and then slowly climbing back to $0.28, before once again pulling back to $0.15. It has since seen a slow move higher over the past week. RYES closed at $0.20, and we think this could be an excellent entry point as we eye a move back past $0.20, and with gold prices surging as they have been, potentially to recent highs of $0.30+. We love the strong multi-month support at $0.15. RYES has tested this support multiple times over the past several months and held strong each time. A very bullish sign. On Monday RYES announced that preparations are underway to commence an exploration diamond drilling campaign at the Idaho-Maryland Gold Project. The Idaho-Maryland Mine has a long history of dramatic discoveries. RYES CEO, Benjamin Mossman, commented, "After months of work reviewing the mine documents and the recent completion of our Technical Report, our confidence in the Idaho-Maryland Gold Project has only become stronger. It is truly remarkable that a project such as this could have laid idle for over 60 years without a single exploration hole being drilled underneath the historic mine workings. Our mission is to match the faith and discipline of the past explorers of Idaho-Maryland. With 60 years of technological advancement, our vision is that Rise will make the next major discovery at one of the United States' greatest past producing gold mines". Visit the full press release to find out more. Previous to this release, RYES announced the completion and results from its study of historic mine workings and geology at the past producing Idaho-Maryland Mine (the "I-M Mine"), located in the very productive Grass Valley District of northern California. RYES also announced big news recently relating to capital funding. The Company closed the non-brokered private placement announced in its April 11, 2017 news release (the "Financing"). The Financing was slightly oversubscribed as the Company received a very positive response from investors. The Company has raised a total of $2,072,257 through the sale of 9,009,814 units (each a "Unit") at $0.23 per Unit where each Unit consists of one common share (a "Share") and one common share purchase warrant (a
"Warrant"). Each Warrant entitles the holder to acquire one additional Share at an exercise price of $0.40 until May 5, 2019. Rise Gold Corp (RYES) is an exploration-stage mining company incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada. The Company's principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA. The Idaho-Maryland Gold mine is one of the United States' greatest past producing gold mines with total past production of 2.4 Moz of gold from 1866-1955. Given the big run in gold of late, and the big gains seen in many of the gold miners, we think now is the time to get this undiscovered gold play on your radar. And given RYES is trading near the lower end of its long term trading range, the risk v reward setup appears very favorable. We are expecting big things from RYES this week, so I urge you to do your research now and be ready for the opening bell. --------------------------------------------------------------------------------------------------------
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