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

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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

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