In our preceding discussion on silver, we delved into the dynamics of supply and demand, highlighting the deficit in supply compared to demand throughout 2022. In addition to that, we talked about how this opportunity, coupled with some other factors, could present an interesting opportunity to go long silver. Since then, the price of silver rose from around...
While First Majestic had actually already made it to the upper edge of the turquoise zone between $6.89 and $12.36, it has shied away and drawn back again until the retracement at 61.80%. Thus, we still give it some time to finish wave 2 in turquoise – although it could also continue the ascent from here. As soon as wave 2 in turquoise is completed, First Majestic...
First Majestic silver along with the rest of the mining stocks have been pummeled the last few weeks.. or months..er I mean years. It is my strong opinion that a rare opportunity has opened up in many of these stocks - historical. These monthly candles really help depict the birds eye view necessary to spot the larger patterns and trend. AG has been forming a...
Like an artist with their painting, a craftsperson with their handiwork or a cook with their most exquisite dish, First Majestic seems not yet ready to let go of its work in the turquoise zone between $12.36 and $6.89 and apparently wants to add a finishing touch. Thus, it has arched back downwards and could aim for completing wave 2 in turquoise a bit deeper...
She hit the floor (she hit the floor) Next thing you know Shawty got low, low, low, low, low, low, low, low… “Shawty”, in this case, is Pan American Silver, which is shaking its “big booty” in its “apple bottom jeans” to the beat of Flo Rida’s song Low and is progressing deeper into the blue zone between $21.88 and $13.94. It has not (yet) “hit the floor” but...
Silver has been beaten down and is pairings to bounce higher given rampant inflation and global economic strain. Both silver and copper are critical to industries including things like solar panel manufacturing for silver and electrical vehicle manufacturing for copper. Silver Bullet Mines just announced it has successfully produced its first silver concentrate...
The tension is building! Pan American Silver is getting closer to the middle of the blue zone between $21.88 and $13.94, where it should ideally complete wave (ii) in blue. As soon as this is done, Pan American Silver should turn around and move upwards, heading for the resistance at $40.11. A 38% chance remains, though, that the price could drop through the blue...
Mountain Boy Minerals - Result in 2 Week - H4 New interview with LR: www.kereport.com
A list of Mining Companies to watch to tomorrow if the price of silver continues to soar. We're close to making a recent high but far from making the all time high set back in 2011 at nearly $50 and right now we're near $30. It takes a lot to push up the price of silver but physically demanding it might do just that. So watch these Mining Companies during the...
SSVRC has reported bonanza silver grades of 3,760 g/t over 2.5 m and is an absolute bargain at $60M mkt cap / 51M float compared to peers. The drilling program has been expanded to 12,500 m and we should be seeing more results reported soon. Strong management group with history of discoveries. Fully funded for 2020. Trading in historical support zone and getting...
the RSI divergence with price is worrisome at this point. guts feeling is buy but technical says otherwise. Same as Barrick gold chart. suspect that GDX will demonstrate similar pattern. Comments/feedback welcome.
As usual, demand for Gold mining stocks has risen with the ore rally. Mining stock such as KGC has outperformed major gold/silver mining ETFs and completely obliterated gold/silver ETFS since March. It is a higher risk and higher reward play for investors who want to ride the gold/silver trend. EV/EBITDA TTM, Price/cash flow TTM and many other valuation...
Looks like Aurcana is ready for a big move ! Breakout on RSI. On balance volume shooting up. Volume growing exponentially. Bullish hammer on the monthly chart. Resistance at 0.68 has been overcome today by a 25% move. Backtesting at the moment. AUN has been a laggard in recent times (maybe because of some debt on balance sheet). With silver jumping above 20...
I invested in GPL as it was an essential mining company for precious metals. Considering the price of precious metals are skyrocketing, so are the mining companies stocks. Great Panther silver has recently turned from a down trend to an uptrend. Just waiting on a retest of a trendline or a fib level before I sell some indecisive stocks and place them on GPL.
Breakout of the $0.7 resistance signaling the continuation of the uptrend. Pitchfork levels work perfectly with this configuration.
RSI & stochastics are positive. This is a great long-term play to get leverage from rising silver prices.