Summer is winding down and trading activity is heating up again.. Our new alert is on Lone Star Gold Corp.. (LSTG). Lone Star stands to benefit greatly from this GOLD boom, look for (LSTG) to continue to make a move in the near term! Start your research now.. Start by looking at this chart!
There are two immediate reasons to load up on Lone Star Gold Corp (LSTG.OB) now:
One, as I've already said, it's a sitting duck takeover target. Its giant neighbor in Mexico's Urique gold district, Goldcorp, is in desperate need of new resources to maintain its production. Lone Star Gold’s La Candelaria project is practically abutting Goldcorp’s worn-out El Sauzal mine. Goldcorp has got to be licking its chops over the $18.14 billion worth of gold estimated to be sitting right next door!
Two, on its own merits, Lone Star Gold is so undervalued; it has at least an immediate gain of 500% built into it just to catch up to a reasonable valuation!
Lone Star Gold Corp.
Symbol: LSTG.OB
Current Price: $1.20
(LSTG) Recent Trend
ABOUT LONE STAR: Lone Star Gold, Inc. is a publicly traded (OTCBB: LSTG) gold exploration and development company based in Albuquerque, New Mexico. The Company's aggressive acquisition and exploration approach is strategically focused on proven, stable precious metal regions in America and Mexico. Currently, Lone Star owns concessions covering 800 hectares in the La Candelaria project in Chihuahua, Mexico, which the Company is evaluating to determine the potential sites that represent the best potential for silver and gold deposits.
Yes, the trading price of gold is already up an astonishing 483% over the past 10 years, but it is going to go a whole lot higher.
Just look at how the recent debate in Congress over America’s debt ceiling and the financial instability in Europe sent gold spiking to new all-time highs. With so much global economic uncertainty, worried investors will continue to flock to gold as a safe haven driving process for the precious metal ever higher.
How high will the price of gold go?
Rob McEwen, the founder of Goldcorp, the world’s biggest gold producer, said recently on national TV that he believes gold is ultimately headed for $5,000 an ounce.
Jim Rogers, a founding partner along with George Soros of the multi-billion dollar Quantum Fund believes gold will reach $3,500 an ounce soon.
Christopher Wyke a London manager at $277 Billion Schroder Investment Management Ltd. says that inflation will drive gold to $5,000 an ounce.
At a recent London conference, Bill Murphy, chairman of the Gold Anti-Trust Action Committee (GATA), told CNBC . . ."You could see $3,000 to 5,000 to clear the market as the central banks and bullion banks run out of gold to meet the growing demand,"
J.P Morgan’s Colin Fenton just came out with a prediction of gold hitting $2500 by year end.
Gold prices could hit $5000, says Yan Chen, head of metals and mining at Standard Chartered. He foresees potential production shortfalls as more central banks turn from being net sellers to buyers of gold, pushing the supply-demand balance out of kilter.
(LSTG) is a newly-listed Jr. gold exploration company that has not yet been discovered by Wall Street. Typically, when one of these Jr. gold stocks gets noticed, its stock soars in value, and Lone Star Gold is positioned to be next!
Trade Well, and remember to take profits when you can!
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