The market can waffle around all it likes for now, but when the govts around the world decide or are forced to print more $$€€¥¥££ ect , the amount of money that will flow into gold and gold stocks will be incredible and likely will leave other gold sector rallies for dead .
There is serious cash on the sidelines ready to buy , they just need to hear the starters gun (QE) and the race to grab cheap gold stocks like Amx will be on !
Funds, instos,private equity, hedgies,punters, traders, swingers and swillers we all be buying hand over fist.
Stocks like Amx will rise faster than most . We've already seen how fast this goes up when a larger buyer is present (25% in one week) , imagine when many buyers are trying to get in the door at once .
Try and filter out the noise out there and remember a few things :
1. More QE will be needed at some point sooner than later 2. Gold WILL move higher when announced 3. Amx have a truck load of gold and likely, multiples of the current resource still to unlock 4. If Amx make it to mining without a T/o , what will the gold price be then ? $2000? $2500? Even at current gold price , Amx will be a cash cow. 5. You can only make the big $$ buying when stocks are at this phase of the cycle . Sure it may go lower , but do you care when you sell in a few years time for over $3- $4 ?
Not hard to make good money here , it really isnt . You only need to have the right investment horizon , patience and the right attitude when things get tuff .
Not everyone's cup of tea , but I wonder in a years time how many people will look back and say " I should've bought more back at around 50c "
AMX Price at posting:
50.0¢ Sentiment: LT Buy Disclosure: Held
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