Alamos Gold (AGI) hits a new all-time high, up 118% in the past year due to gold reaching record highs on Monday. The surge is part of a “Sell America” trade reacting to news of Federal Reserve Chair Jerome Powell under criminal investigation. AGI maintains a 100% “Buy” opinion from Barchart and is valued at $17.6 billion, operating three mines. Powell’s investigation has led to a falling U.S. Dollar Index and increased safe-haven investments like gold. AGI stock has benefited from gold’s rise due to central bank demand and geopolitical turmoil. Trading at $42.55, AGI has a 50-day moving average of $36.21 and a relative strength index of 71.44. Analysts rate Alamos Gold as a “Strong Buy” with a price target between $39 and $53. JPMorgan predicts the “Sell America” trade to dominate the market. Gold stocks, including AGI, are likely to continue rising due to higher price floors under gold and silver.

Read more at Yahoo Finance: This Gold Stock Is Winning on the Back of a So-Called ‘Sell America’ Trade