Weekly Watchlist - Oct.21, 2023
Another terrible overall week in the markets, there was some pockets of strength in commodities. I continue to think the Dollar looks toppy here and is due for a dive.
Minera Alamos - Market Cap $140 Million Canadian
I continue to see alot of smart people in the precious metals sector mention this stock as a potential winner, the management team is one of the best out there. It’s had a rough run but had a really nice week, it’s on watch for a potential breakout if this move in precious metals can sustain. It looks like the bottom is likely in, unless the precious metals really dump badly. Nice risk/reward here.
Volcanic Gold - Market Cap $13 Million Canadian
The company has some really intriguing projects in Central America, at the current market this looks extremely cheap, but this is the case around the entire sector right now. The stock was up over 20% on Friday as it broke out of it’s base, it did so on relatively low volume, which means alot of hands have likely been flushed out of the stock already. This is worth watching into next week.
Soma Gold - Market Cap $65 Million Canadian
The stock has been an anomaly this year, they continue to grow production and a re-rate looks due at the current market cap. The stock has outperformed the $SPX the entire year, we are right on the edge of a continuation breakout here. This one is worth looking into.
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