My timing could have been somewhat better on this at the sub-12 dip, but better late than never ... . Metrics: Bought 100 Shares at 13.25 Sold Oct 21st 14 call Whole Enchilada: 12.30 db Max Profit: $170 (if called away at 14) ROC: 13.8% Notes: I promised myself after closing out my XME short put that I wouldn't be dipping into any more miners ... . Just...
Long setup according to this geometric pattern. Cheers, Keops
Why do you guys they the dollar was propped up in the last couple of weeks? It's preparing to crash. $SLV $AG looking really attractive at these levels. Going long tomorrow.
At least this is my view. I'm backing up the truck!
The trend is very likely to continue. Silver is more rare than gold while the big banks are manipulating and accumulating silver. This will take off very very soon!
AFTER BREAKING THE 38.2% FIB AND SLIDING INTO ICHIMOKU BEARISH TERRITORY WE HAVE 2 POSSIBLE ENTRY TARGET. LOOKING TO ENTER AT 10.76 AND 8.78. BUY HALF OF YOUR POSITION AT THE 10.76 PRICE POINT AND WAIT TO ENTER AT THE 8.78 MARK WITH THE OTHER HALF. IF 8.78 IS NOT REACHED AND YOU SEE UPTREND MOMENTUM BUY AROUND 12.00. AT 17.20 UNLOAD HALF OF YOUR POSITION. IF...
Looks like it's set to go below $20. Shorting might be a good idea.
I would short this. despite recent 40% rally in silver prices AG went ahead by a big margin. I see a pull back to fill the gap at $13s next month. Risky to buy at this point. The company haven't been generating enough positive cash flow to justify the current share prices.
The company is overbought on all chart including daily, weekly and monthly. It will pullback and fill the gap as you see on my charting. Silver stocks are overly pumped with press releases in general. I don't recommend buying the hype at the top. Current price seems to be good for shorting for the gap to fill next month for 20%+ gain.
The chart is clearly indicating a 10% pullback from current PPS.
$AG and $SLV are doing excellent. $GPL is currently the weakest performer of this up-trend. But, look at this rocket ship. Been unloading on the rallies and re-loading on the dips. Might be time to start scaling out soon.
It had a nice run. Silver is also touching resistance. I don't see it breaking anytime soon. I believe this is a good short.
I use First Majestic (AG) as a bell weather for the metals, especially the silver miners. We've had a nice run, so far this year. And... it will continue, but with the Brexit vote coming up in two days, I expect a big fall off for silver and especially the miners, EITHER WAY the vote goes. Not that I'm exiting my AG or other mining stocks. But... I am...
Silver has seen an unexpected rally to most and continues to show strength as holdings of silver-backed ETFs reach all-time highs. Since posting "Potential Inflection in SLV: Price Action and Options," (under CommoditiesTrader) SLV is up almost 22 percent. However, near-term there will be a correction to work off the overbought conditions. The RSI was quite...
TAKE A LOOK AT THE CHART. THERE YOU CAN FIND THE EXPLANATIONS!
Shares of DSKX continues to rally from last week after they held a conference call to discuss the recently announced agreement to acquire Radiancy, Inc., a leading developer of consumer medical devices and the Neova® dermatological products. It appears investors are beginning to notice the financial value this new deal brings and the future outlook of the company,...
Wheat has been in free-fall since Dec. 19. After a strong buying day on Monday, sellers are keeping the price clamped down right at the 9 day EMA. This is one to watch as it's setting up for a possible rally if it can break through that resistance line.
I have been adding to my silver position for months and months along this most recent bottom. At this point, silver seems like it has been beaten down to it's absolute bottom. It is currently sitting along the .764 fib level, which also happens to be the bottom of the donchian channels. The RSI is as oversold as it was at the beginning of the '08 bubble. Bullish...