I was listening to an interview with Bill Holter on www.jsmineset.com the other day and he mentioned that he had a significant investment in Sutter Gold (otcbb: SGMNF).
This is the epitome of a penny stock as it rarely trades many shares making it highly illiquid, it has a large spread between bid and ask, and the price is truly pennies per share, $0.0529 to be exact at this point in time.
Here is a monthly chart of this penny (micro) gold stock (SGMNF):
Sutter Gold is a classic risky play where you could double, triple, or ten times your money just as easily as you could lose it all.
I consider Bill Holter to be a smart man. I think this stock is intriguing to say the least.
This is the epitome of a penny stock as it rarely trades many shares making it highly illiquid, it has a large spread between bid and ask, and the price is truly pennies per share, $0.0529 to be exact at this point in time.
Here is a monthly chart of this penny (micro) gold stock (SGMNF):
Sutter Gold is a classic risky play where you could double, triple, or ten times your money just as easily as you could lose it all.
I consider Bill Holter to be a smart man. I think this stock is intriguing to say the least.
