TSXV:AGLD
ASX:AGD
Company's fundamentals have improved see latest quarterly report. over 8000 ounces inventory and gold is moving up. Management is using cash flow to drill and buy strategic properties near existing assets. looks like a long term cup and ahndle to me. handle well above the neckline, bullish IMO. RSI has shed below oversold from are cent high...
Looking at Junior Gold as the next big market to trade, obviously due to rising gold and silver prices, but I like this company for a few reasons. Obviously being in South America the local currencies are trash (EM FX at record lows) so costs will likely remain low, especially if oil remains relatively cheap. Recently margins have begun to grow due to rising gold...
JNUG has been making lower lows for the past 3 months but a support has revealed itself at about $54. At the end of the wedge is a possible breakout which is most likely to be a bull run based off of the last breakout about 5 months ago.
