This time I have picked a silver stock with good fundamentals. It has had an amazing long run since the start of the year (I wish I had spotted it earlier). But, it is never too late. Silver has started to fall and that has also an impact on silver stocks. This presents a long entry oppurtunity for patient investors. My recomendations are to enter at following entries
1. Trendline (1/3 between 16.5 and 17.5) 2. 200 SMA (1/3 at cca 12-13) 3. Previous highs (1/3 at 10)
Wide stops should be applied since silver is a very volatile comodity. In general I think the bull run will continue and so will the price of the silver stocks.
We have managed to pick up trendline bounce or enter on my 1. entry point. I expect one more pullback in september to test the previous highs. The trade has opened...
Butec
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Allmost the same story is with SLW and AG. They all have excellent fundamentals and initial long run. I recomend buying at pullbacks.