Very good possibility you'll be right there swiv. I suspect most punters are betting of more gas-bagging from the fed, given the low volume selling over the last few sessions, looks like lots of small traders getting out.
On a more contextual note. Its is becoming quite amazing how simular AMX is playing out compared to Andean a few years back.
Even though Andean had to endure through the GFC , one could argue that current macro market sentiment isn't much different , with traders hanging off every syllable from the FED.
Worth noting for punters new to the resource investing game just how fast things can go from good to bad, bad to worse and then recover very fast when the conditions are right.
If fell the right conditions are not far way.
More stimulus is not too far off and we'll be entering a "goldielocks" period again for explorer/developers like AMX. Conditions also that will be key to creating an intensification in the M&A activity in the gold space as larger players can start looking forward with more conviction and start making plays into a strong market (without damaging their own share prices too much)
Lets just hope the next part of the AMX chart continues to follow the AND example.
AMX Price at posting:
52.0¢ Sentiment: LT Buy Disclosure: Held
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