Friday, July 29, 2011

SPAH - Gold Hits All-Time High


Today gold hit an all time high of $1,633 an ounce and is on pace for its 11th straight year of gains. You can capitalize upon this move and the growing infatuation with this precious metal by finding gold stocks. FCX, GG, AUY, NEM are big board gold stocks that have moved significantly over the last few years, but I know you are here because you like penny stocks, and we will focus on potential penny stocks that could catch a bid based upon golds continued ascent.

Today we will focus briefly on SPAH a gold sub-penny stock. SPAH closed today at $.0011 a share and below is its share structure which was updated on OTCmarkets earlier this week:

Market Value1 $192,467 a/o Jul 28, 2011
Shares Outstanding 320,778,363 a/o Jul 27, 2011
Float 269,692,128 a/o Jul 27, 2011
Authorized Shares 1,000,000,000 a/o Mar 31, 2011

SPAH has 4 mining and gold subsidiaries

According to the company's web site: Spectrum Acquisition Holdings is executing a three-pronged strategy for growth. The Company is acquiring interests in high quality, low-risk gold projects with past production and sizeable resources. Spectrum is developing technology solutions to enable more sustainable, smaller footprint mineral exploration, production and processing. Spectrum is also pursuing acquisitions of mining sector service companies including operators, mine site service providers, equipment manufacturers, geology firms and technology developers.

With gold continuing to get a bid, speculative gold stocks should also be well bid going forward. SPAH certainly fits the bill.

Looking at the chart the 50 and 200 day moving averages should provide both resistance and support, which currently is $.0008 and $.0016.


I feel SPAH will be a stock to watch as well other speculative gold stocks in the penny market. SPAH's 52 week high is $.026 and recently hit a low of $.0005. If you haven't already SPAH should be added to your watch list.

6 comments:

Unknown said...

I know penny stocks are a huge gamble and should make up a low percentage, but I am a fan of taking controlled risks. I want to know what people look for, if anything, in a penny stock before buying?

penny stocks to buy

Unknown said...

The best SEO Companies build the relevance of your website so that all the big search engines know your website offers what people want.

seo companies

Derlierprossy said...

Very good post, i was really searching for this Hot Penny Stocks topic as i wanted this topic to understand completely and it is also very rare in internet that is why it was very difficult to understand thank you for sharing this.


Computer Store

Derlierprossy said...

Not all the term no one can win the tally of handle marketplace trade , humans are bounded with emotions and personal concern that makes them to deal unjustness decisions at faction minute level though they are masters of switch. Markets dramatically difference they their flow and no one exactly create or judge 100% from their profits . Choosing the appropriate indicator or analyzing software amalgamated with human scene gives improve results.


Digital still camera

Stock said...

Awesome! I absolutely adore reading your blog posts, the variety of writing is smashing.

MCX Tips said...

I read your publish . it was amazing. The way you tell about things is awesome. They are motivating and beneficial. Thanks for giving your details and opinions.
Mcx Tips