Alamos Gold Inc (AGI)

[hitman558]

Things to think about with AGI. Gold spiked up today on real news and dropped on old news. Everyone knew the rate hike was coming. Everyone didn't know consumer spending is dropping hard. As always, shorts dropped the price of gold on rate hike. This shouldn't last long and I still believe gold hits $1400 by August 1st based on a chart pattern.

As for AGI, shorts have had their way with AGI and all miners on the Van Eck re-balancing. I think traders are freaking out because they don't understand it and think the miners will crash on a Van Eck dump. Yes, Van Eck will be selling. Yes, shorts are taking advantage of the selling. Yes, longs should be taking advantage too. Look at AGI. It's gone from $10 to $7(actually, lower) when word spread of Van Eck's plan. Here is the key. What has changed with Alamos? 3 things: gold is a bit higher, all in cost are a bit lower and production is at an all time high. Fundamentally, AGI is better now than when it was at $10.Take advantage of this with AGI and any other miner you are looking to buy. Great opportunities out there because people are panicking rather than researching. Van Eck out grew the sector which isn't good for their ETF. Their re-balance will be great for all miners. Take advantage of it. As always, this is just my opinion.