The combination of an active, successful gold producer, a rising gold price and positive market sentiment,is what drives the SP in gold stocks.
Apex is a gold producer, not quite successful just yet but hopefully they are well on the way.
Overall market sentiment has turned cautiously positive lately. Many investors believe that the worst of the recession is now behind us.
The gold price could be about to rise. If the chart is any indication, and if the GP follows its recent path, gold will bounce off its lower trend line and head to the upper trend line. Inflation will be a key driver of the GP. Inflation is about to hit. Once it does, watch the GP head through the upper trend line and then sit back and watch AXM share price rise in unison.
AXM Price at posting:
11.4¢ Sentiment: None Disclosure: Held
