Gold is surging, take advantage with this trade idea
Published: Tue, 09/05/17
 SMS alerts can make the difference between a profitable trade and a missed opportunity. Text “MOMO” to 555888 to receive our instant, reliable and free SMS alerts. Traders and Investors, We all know that gold is considered a safe haven investment. And in today's uncertain economic and geopolitical times, gold could be the place to be. In fact, gold has been surging of late. In the past two months, gold has ran from around $1,220 to $1,350, over 10%, which is considered a massive move for this precious metal. And while many of the big mining company's have been steadily rising as well, some of the junior gold mining company's haven't kept pace. This could be a major opportunity. One such junior miner is Nexus Gold Corp (NXXGF). NXXGF has seen a massive volume surge couple with solid price gains over the past couple of days as traders are waking up to the potential. The good news is that there could be plenty more upside to come. NXXGF closed today at $0.166. It was trading at near $0.20 just a few months ago, and six months ago it was over $0.25. With gold prices skyrocketing as they have, there could be significantly more upside to come in NXXGF. Looking at the chart, NXXGF is all about momentum now. It easily broke through its 50 and 100 day moving averages in recent days, and with the massive volume surge, the technical's are screaming for traders attention. Nexus Gold Corp. (NXXGF) is a Vancouver-based gold exploration and development company operating in some of the world's premier mining districts. The Company is currently concentrating its efforts on two gold projects located in Burkina Faso, West Africa. The Bouboulou gold concession is a 38-sq km advanced exploration target where previous drilling has confirmed multiple zones of gold mineralization. The Bouboulou exploration permit covers an area of 38.8 square kilometers approximately 75 kilometers north-west of the capital Ouagadougou and is accessible by paved road. The Bouboulou permit is located on the Boromo-Goren greenstone belt and is bisected by the Sabce shear zone. This regional north-east trending structure hosts numerous artisanal workings along its 120 kilometre length and also hosts the Bissa Hills deposit presently being mined by Norgold. Three 5km anomalous gold trends exist on the property along with numerous artisanal zones (orpaillages). The Bouboulou gold concession features numerous near-surface gold occurrences of both length and grade, as highlighted by historical drill results. The property contains three distinct gold trends, each extending 5000 metres (5km) in length. The property was previously explored by Riverstone Resources and Roxgold Inc. Gold mineralization was first identified at Bouboulouby Boliden in 1997 where a regional Rotary Air Blast (RAB) drilling program outlined a broad north-east trending gold anomaly measuring 13km by 2km over what is now the Bouboulou permit. The concession was then explored by Riverstone Resources and Roxgold Inc. The Niangouela gold concession is a 178-sq km project featuring high grade gold occurring in and around a primary quartz vein 1km in length and associated shear zone. It is proximal to the Kalsaka deposit and the Sabce shear zone. The property is road accessible and has one major orpaillage (artisanal workings).The Niangouela gold concession is located on the Boromo greenstone belt, and is proximal to the Kalsaka deposit and the Sabce shear. The company has delineated a 1km quartz vein and shear strike with samples taken at depth (46-60m) returning high-grade gold assays up to 2,950 g/t. Eight of the first nine diamond drill holes on the property returned positive gold results, highlighted by a 4.85m intercept of 26.69 g/t (including one metre of 132 g/t). For more information on these projects, please visit the Company website at www.nexusgoldcorp.com. Last week, NXXGF announced major news that they have signed a definitive agreement with BELEMYIDA SA (the "Optionor"), pursuant to which NXXGF will acquire the right to earn up to 100% interest in the Rakounga Gold Property (the "Property") located in Burkina Faso, West Africa. The 250-square kilometre Rakounga Gold property is contiguous to the Company's Bouboulou gold concession. The Property borders Bouboulou on the west and south sides and hosts the Bouboulou 1 gold showing, which is the southern extension of the Bouboulou 2 trend. Bouboulou 1 is an active orpaillage with shaft workings that extend down approximately 80 metres. You can read in full at https://finance.yahoo.com/news/nexus-gold-signs-definitive-agreement-130000499.html With surging gold prices, and momentum on its side, we think NXXGF could have big upside potential. NXXGF has seen a major volume push in recent days, and is trending higher. Barchart.com rates this company highly too. Currently at $0.166, with a six month high of over $0.25, there is plenty of potential upside to aim for. Get NXXGF on your screen now and be ready for a new trading day. --------------------------------------------------------------------------------------------------------
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