Could gold penny stocks be the next hot sector?
And if it does, traders and investors could move their money into commodities and other ‘safe’ investments.
That could mean big moves for these penny stocks.
But I’m not trying to predict the market — I’m preparing. It’s what too many traders fail to do. And that’s why most traders lose.
Don’t blindly jump into this niche or any penny stock sector. Prepare your watchlist and be ready if the right pattern presents itself.
Now, let’s get to the 10 gold penny stocks to watch in 2023…
Table of Contents
- 1 Top 10 Gold Penny Stocks to Watch
- 1.1 Gold Penny Stocks #1: New World Gold Corp. (OTCPK: NWGC)
- 1.2 Gold Penny Stocks #2: Gold X Mining Corp. (OTCQX: GLDXF)
- 1.3 Gold Penny Stocks #3: Gran Colombia Gold Corp. (OTCQX: TPRFF)
- 1.4 Gold Penny Stocks #4: Sokoman Minerals Corp. (OTCQB: SICNF)
- 1.5 Gold Penny Stocks #5: Minera Alamos Inc. (OTCQX: MAIFF)
- 1.6 Gold Penny Stocks #6: Labrador Gold Corp. (OTCQX: NKOSF)
- 1.7 Gold Penny Stocks #7: Vanstar Mining Resources Inc. (OTCPK: VMNGF)
- 1.8 Gold Penny Stocks #8: GoldMining Inc. (NYSE: GLDG)
- 1.9 Gold Penny Stocks #9: Avino Silver & Gold Mines Ltd. (NYSE: ASM)
- 1.10 Gold Penny Stocks #10: Yamana Gold Inc. (NYSE: AUY)
- 2 See the Hottest Stocks I’m Watching
- 3 Conclusion: Should You Trade Gold Penny Stocks?
Top 10 Gold Penny Stocks to Watch
Before I get into my list of stocks to watch in this sector, I want to emphasize that this is a watchlist. I may not even trade these stocks. And I definitely won’t invest and hold any penny stock long term.
I don’t trust any penny stock company. If you want to know why, get my no-cost book “An American Hedge Fund.” You’ll find out how I lost $500,000 of my own money from investing in one of these companies.
Add these penny stocks to your watchlist and keep an eye on them for news. It could be company-specific news like acquiring new mining claims. Or it could be sector-wide news, such as an increase in gold commodity prices that push for more exploration.
Here’s the gold penny stocks list…
Gold Penny Stocks #1: New World Gold Corp. (OTCPK: NWGC)
NWGC is a sketchy OTC pink sheet stock. Its company description on OTCmarkets.com states “Gold Ore Exploration.” It has the ‘stop sign’ designation, which means the company’s information isn’t up-to-date.
Gold Penny Stocks #2: Gold X Mining Corp. (OTCQX: GLDXF)
GLDXF is a Canadian gold mining penny stock and developing a project in South America.
Gold Penny Stocks #3: Gran Colombia Gold Corp. (OTCQX: TPRFF)
TPRFF is a Canadian gold company that explores for gold in Columbia. This is the ticker I just mentioned that’s in an agreement to acquire GLDXF. The agreement’s pending shareholder approval.
Gold Penny Stocks #4: Sokoman Minerals Corp. (OTCQB: SICNF)
Sokoman Minerals Corp. is a Canadian company. This gold exploration company focuses on acquiring mineral-rich properties. Its primary property is located in Central Newfoundland, Canada.
This stock made this watchlist because it’s a former runner. In 2018, it went from under 5 cents a share to almost 45 cents in a few weeks. In March this year, it went from roughly 17 cents a share to over 35 cents on higher than average volume.
Gold Penny Stocks #5: Minera Alamos Inc. (OTCQX: MAIFF)
MAIFF is another Canadian gold penny stock company. It acquires properties and explores for gold, silver, and copper in Mexico.
Gold Penny Stocks #6: Labrador Gold Corp. (OTCQX: NKOSF)
Labrador Gold Corp. is another Canadian gold exploration company.
Gold Penny Stocks #7: Vanstar Mining Resources Inc. (OTCPK: VMNGF)
Yep, another Canadian gold mining penny stock. VMNGF acquires, explores, and develops mining properties in Canada.
In February, the company provided a business update and said, “The Company is in a strong financial position with $5.8 million in cash and an active exploration program planned for 2021.”
Gold Penny Stocks #8: GoldMining Inc. (NYSE: GLDG)
GoldMining Inc. acquires and explores gold properties in North and South America. It has mining claims in Alaska, Northwest Territories, and Columbia.
Gold Penny Stocks #9: Avino Silver & Gold Mines Ltd. (NYSE: ASM)
Gold Penny Stocks #10: Yamana Gold Inc. (NYSE: AUY)
Yamana Gold is a gold and silver producer. It has properties in Canada and South America.
It’s another penny stock that pays a dividend. It doesn’t have any recent news but it trades high volume.
See the Hottest Stocks I’m Watching
Want to know which hot stocks I’m watching each week?
Also, check my blog regularly for my daily, weekly, and monthly watchlists:
- See my weekly biotech penny stock watchlist here.
- Get my monthly penny stock watchlist here.
- Find my top penny stocks list weekly update here.
- And the top stocks to watch today are here.
But remember that all these stocks are stocks to watch. Never blindly follow anyone’s stock picks or alerts — not even mine.
I put together these watchlists to help students and new traders learn the process behind building a watchlist and a trading plan.
Conclusion: Should You Trade Gold Penny Stocks?
Gold commodity prices are near all-time highs. Some investors consider gold to be a ‘safe’ investment when markets go down.
If we see a market correction or crash it could mean increased interest in gold and gold-related stocks.
I don’t accept everyone. That’s why I make people apply — to weed anyone who’s too lazy to do the work.
What do you think? Will you trade gold penny stocks in 2023? Let me know in the comments … I love to hear from you!