For those of you that do not have your head collectively buried in the "crypto sandbox" i am going to be posting some of my favorite mining stock picks in what i believe will be the best market to profit from going forward as we enter the second phase of the precious metals bull market. Yes, thats right. 2000-2011 was just a teaser folks. We are at the end of a 10 year correction and things are looking more bullish than ever from my perspective. It typically takes about 10 years for the crowd to completely ignore and write off an investment as hopeless. From this state of utter despair can new life begin. Think about how the stock market topped out in the year 2000 dot-com bubble, same time gold bottomed. So when did the stock market bottom? 2009... nearly 10 years later right before gold topped. Now we have a repeat of year 2000 with the market close to a top (maybe) and gold bottomming. So for those of you so positive this is the bottom in cryptos i say good luck as that is wishful thinking. Yes it looks very bullish, but so do a lot of bear market rallies. Crypto is so bullish lately in fact that it is worrysome. It just aint that easy folks! anyway, all that aside, i base my decisions on what i see right now and what i see is PM stocks are hated across the board, have been in a stealth bull market since the beginning of the year and recently sold off to support where there was many calls of pending H&S pattern leading to a massive selloff to which i called BS, yea i see the H&S pattern... it is now invalidated. Here's a tip. A failed sell signal is a double strong buy signal! On friday silver stocks especially were on fire with one of my top holdings MAG silver posting over 9% on the day. I will do a post on MAG later. I am more bullish on silver than gold so most of my posts will be my favorite silver miners. If a stock is a canadian company listed in US i will post the canadian chart because i feel TA works better on the chart of the parent country. So now that ive rambled on forever let's get to this stock, Americas Silver. USA owns the Galena complex in Idaho which has history going way back as one of the richest silver veins in the USA producing over 250 million ounces in its history. USA aquired it and is the sole operator. Recently USA aquired a small gold mining company which has added to operations now producing gold. Significant shareholders have recently come on board including Pierre Lassonde who just cashed in his convertable debentures for shares... this is a big deal for those who notice. From a TA standpoint USA gapped up beginning of 2019 and has trended sideways since then where i have been accumulating shares near the 2 dollar range. Note the massive volume bar on 29 january and the recent wide range bar on high volume on 4 APR. USA has now broken out of it's downtrend channel. I recommend buying here and holding or for those who wish to wait for a breakout i would buy the breakout of 2.61 (CAD chart) .... Good Luck!
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Ground control to Major Tom... Prepare for liftoff.
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High volume accumulation is in play on this baby.... continue to hold for huge gains !
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enjoy your profits!