Maxam Gold Corp Com (OTCPK:

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Aug 14, 2013 at 11:29 AM

Maxam Gold Corp Com (OTCPK: MXAM)

Good morning investors! Hope you are ready to make some money this morning! We have a hot play here, the Maxam Gold Corp Com (OTCPK: MXAM)! Charts are looking good, and its a triple zero play - meaning that the gains could be through the roof! Let's dig in!

What Does MXAM Do?

MXAM is a Nevada corporation that was founded for the purpose of mining operations throughout the world and the United States of America. The company is currently operating off of a three phase plan, with phase 1 being the trading of native community gold with international buyers; phase 2 the establishment of dredging operations, and the third phase is the Pembina land which is currently in the initial exploration and exploitation stages. The company is intriguing both fundamentally and technically which has led Gold Medal Penny Stocks

Maxam Gold Corporations launch and entry in the market could not come at a more fortuitous time. The prices of gold and silver are expected to climb through 2020. While experts anticipate that prices may stabilize in the future, the value of gold and silver will be greater than they have been for decades. Gold will continue to have a market value reflective of its status as a favored commodity, and silver will remain strong due to its industrial role in plasma displays, solar panels, and cell phone manufacturing. The Company will sell its gold and silver directly to a smelter, and will also sell bulk quantities to precious metal bulk buyers. Maxam will operate primarily in the Gold Ores and Silver Ores industries. However, the Company fully intends to extract additional high-value precious metals that are both inferred and proven to be in its mines, such as platinum, palladium and rhodium.

Lets take a look at technicals

MXAM closed up at $0.0002 on Tuesday, August 13th, on just over 25 million shares traded. This volume was a little higher than usual, and is partially what called it to our attention. Aside from this, the 5 period RSI is standing strong in the buy zone, between 50 and 70, and it very recently crossed over the 14 period RSI created a bullish crossover.

Furthermore, the MACD is ready to break out and away from its signal line which it has been pinched with for some time. This break out would also lead to a zero line crossover, a doubly bullish sign.

Quite interestingly as well, the accumulation has been on the rise, which is one of the most bullish indicators that there are for a stock in this price range.

If you want to learn even more about the MXAM charts, click the video link below!

Click here to watch the stock chart video analysis of the MXAM chart by our very own Affix Trader. And don't forget to subscribe to the YouTube channel so you're never behind in stock alerts, and chart analysis!

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