Not Investment Advice

It is important for you to understand, Allan Barry Laboucan is not a licensed investment advisor and all readers should consult a licensed investment advisor before making any investment decision and to consult the company’s latest regulatory filings to fully understand the risks. This site represents the opinion of Allan Barry Laboucan alone. Do not trade in securities you read about online unless you have independently verified all information and understand that speculating in small, speculative securities like those discussed on AllanBarryReports.com often results in total loss. Readers are responsible for their own trades.

Amex Exploration (AMX.V) Chart Makes Important Bottom Like Gold

August 21, 2019

Brought to you by:

Advance Gold (AAX.V) - Sirios Resources (SOI.V)

Walker River Resources (WRR.V)

 

Over the past few months Amex has made a new high-grade gold discovery, the stock took off, and has retreated since the PDAC a couple months ago.

 

This has happened with a lot of gold stocks since the PDAC, some have held in better than others. Amex has a great project, I love high-grade gold projects, especially ones that can show they have size potential as well. Being in Quebec, which is one of the best jurisdictions in the world for mining, is an added bonus.

 

Their stock has gone through a correction and is currently trading right between the 50-day and 200-day moving averages. It looks to be bottoming, in a very similar way as the double bottom gold has recently gone through.

 

Most importantly, they are drilling, have lots of cash and will be drilling and generating results for the remainder of the year. I'm seeing a nice combination of good drilling results and a better market for gold stocks lining up for Amex.

 

They are a top of the list pick to outperform gold and many of their peers.

 

All the best,

 

Allan

Share on Facebook
Share on Twitter
Please reload

Follow
  • Twitter Basic Square
  • YouTube Social  Icon
  • LinkedIn Social Icon