Mississauga, ON -- (SBWIRE) -- 11/04/2019 -- AllPennyStocks.com Media, Inc. (https://www.AllPennyStocks.com/) announces its latest article titled "Positive Drilling Developments Underpin an Upward Technical Trend for Junior Miner."
Companies mentioned in this article include iMetal Resources (TSX-Venture:IMR).
Gold has cooled off some since surging from $1,269 an ounce in May to as highs at $1,566 per ounce in September, but it certainly is still holding onto the majority of the advance, closing at $1,516 on Friday. Interestingly, last week was the first-time spot gold closed over its 50 day moving average since slipping under it on October 7. In a technician's eyes, this is a bullish signal that gold should be heading higher.
iMetal Resources (TSX-Venture:IMR) also finds itself in an uptrend, rising from 4 cents in June to more than double at a high of 9 cents earlier this month before giving a bit back. Rising to 7 cents on Friday, IMR is following all the rules of a new uptrend by making a higher low and – for students of Fibonacci retracements – holding 50% of the gains.
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AllPennyStocks.com Media, Inc.
Peter Szafranski -- President
Phone: (905) 361-5680
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Note: AllPennyStocks.com has been compensated nine thousand dollars from the company for its efforts in presenting the IMR profile on its web site and distributing it to its database of subscribers as well as other services. For a complete disclaimer, investors are encouraged to click here: https://www.allpennystocks.com/spotlight/47/iMetal-Resources-Inc-TSX-VentureIMR.
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Email: Click to Email Peter Szafranski