Two junior gold miners heading for a bonanza

With the price of gold going through the roof, there is hardly a cloud in the sky for junior miners, says Tom Bulford. Here, he picks two explorers that he thinks could be heading for a bonanza.

Last week provided an extraordinary demonstration of the power of penny shares to increase your wealth.

It was all about Solomon Gold (LSE: SOLG). Shares in the company, which were trading at just 10p at the start of last Monday (20th Sept), suddenly took off. They reached 85p on Thursday - a whopping 750% gain - before running into some profit-taking and closing the week at 44p.

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Tom worked as a fund manager in the City of London and in Hong Kong for over 20 years. As a director with Schroder Investment Management International he was responsible for £2 billion of foreign clients' money, and launched what became Argentina's largest mutual fund. Now working from his home in Oxfordshire, Tom Bulford helps private investors with his premium tipping newsletter, Red Hot Biotech Alert.