AAGC is taking Advantage of the GOLD RUSH!
The price of gold and silver skyrocketing in the market right now – and traders’ interest is near an all-time high!
AAGC is operating out of Nevada – the number one gold-producing state in the US. Nevada has produced at least 5 million ounces of gold in each of the last 20 years.
If Nevada were its own country it would rank as the fifth largest gold producing nation in the world.
Here is the really big news in Nevada – AAGC started its drilling program for the Goldfield West project in Nevada last week! Only 4 miles away from the Goldfield District, a well renowned site known for its historic production in excess of 4 million ounces of gold! (Read more)
AAGC has also completed its initial acquisition of 15% interest in the Iowa Canyon Property, also based in Nevada!
AAGC will have the option to obtain up to 40% of the property based on its current contract. This property is thought to have many untested potential within several gold and silver bearing targets. (Read more)
AAGC Technical Indicators:
• AAGC closed up less than 2 pennies off the high of the day Friday as it bounced hard off its past support line at $.45!
• The RSI has shot out of oversold territory and is making its way into the technical zone trader’s love at 37!
• The histogram bars on the MACD have started to reverse and with any further positive movement could easily see a positive cross on the MACD signaling a reversal trend!
AAGC’s Bottom Line:
As you can see, AAGC is trading at a 34% discount off its recent high of $.94 from only a few prior trading sessions!
AAGC could be stirring a recipe for success with a couple acquisitions in the mix and a seriously bullish candle on the end of both of those charts!
Speculative gold plays have been rewarding investors for years. Nobody knows whether AAGC will follow through and hit it big long term, and to be quite frank I don’t care. What I see is a great story with a solid trading range and that’s what excites me.
Disclosure: No Position
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