PaulYoung

Klondike again?

Long
TSXV:KS   KLONDIKE SILVER CORP
0
Silver prices have been hovering around lows for a long time, but this trend cannot last forever. The gauge will sooner or later leave oversold territory. Mining companies may receive attractive income if gold and silver prices show the slightest signs of reversal. Klondike Silver Corp. bottomed out a long time ago. A rounding bottom pattern has been shaping up since September 2011. The support level is at USD 0.02, where intensive trading has occurred on two occasions. The index may well break through the falling trend line since summer 2011, and the right half of the pattern may finally shape up toward the 0.25 and then toward the 0.6 mark. Given low equity valuations, investors may rapidly receive manifold returns.
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