This week was another bull run for the TSX and a record setting one for gold.  This certainly aided the mining companies out there that are producing.  Early on in the week there was a company profile on Great Western Minerals Group Inc (GWG.V).  This is going to be a very big company in the coming years.  They have a 100% in the Douglas River project and have released results verifying levels of rare earth elements.  This one is a long term hold because demand for these are going to increase by a huge amount.  The elements present at Douglas River are used in Hybrid cars and energy efficient light bulbs.  Two very big growing markets.  It might not be the fast money you’re looking for from penny stocks but a bright future above $1.00 is possible for these guys.

Week of picks in review:
ML.TO – Open $2.74 – Close $2.92  (+6.5%)
GWG.V – Open $0.42 – Close $0.375 (-10%)
MTB.V – Open $0.26 – Close $0.28 (+7.7%)
GAP.V – Open $0.26 – Close $0.25 (-4%)
CQE.TO – Open $4.00 – Close $3.99 (-0.25%)
LTH.V – Open $0.12 – Close $0.14 (+16.7%)
UUU.TO – Open $3.12 – Close $3.15 (+0.9%)
PRZ.V – Open $0.065 – Close $0.055 (-15%)
AIX.V – Open $0.08 – Close $0.08
TUE.V – Open $0.295 – Close $0.30 (+1.7%)

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