AGI - Alamos Gold: Excellent Risk/Reward Buy On Gold's Breakout
2024-03-11 07:25:58 ET
Summary
- Gold's breakout to all-time highs in March has investors considering gold miners for future gains, including Alamos Gold's superior setup.
- An absence of sellers and positive technical indications suggest Alamos could see significant gains over the next 3-6 months.
- A P/E ratio matching or below the S&P 500 is quite absurd for this top performing flight-to-safety investment, backed by decades of economic gold in the ground.
Gold's unexpected breakout to all-time highs in recent trading days has many investors wondering if they should purchase gold miners to leverage future gains. My regular readers know I have been anticipating far higher gold prices over the last year. And, the push above US$2200 oz. intraday on Friday could be just the start of better days ahead for gold bugs and smart portfolio hedgers....
Alamos Gold: Excellent Risk/Reward Buy On Gold's Breakout