Gold has been making headlines since it hit all-time highs back in August of this year. There are numerous ways to gain exposure to the miners in the industry and even the commodity itself, but for those who personally prefer stock picking rather than lumping money into a single ETF, it’s important to pay attention to what’s happening within the industry. That being said, let’s move on to Goldcliff Resource Corporation (TSX-Venture:GCN).
Goldcliff made headlines today after George Sanders, the president of the company, announced that that Goldcliff has signed an option to purchase a 100% interest in a new discovery of epithermal mineralization north of Rock Creek, British Columbia.
Goldcliff Resource Corporation engages in the acquisition and exploration of gold and silver mineral deposits in both the U.S. and Canada. The shares traded up as high as +10% in the early afternoon to $.11, but what interests me more is the fact that it has been slowly trending upward for the last 3 months leading up to today.
The next test is to see if the price can break through the $0.14 – $0.15 resistance level we’ve seen within the past year. Keep an eye on gold prices, as this once “boring” investment has been making some interesting price moves as of late.