As you should know, ratios are measured from 0-1. The Gold mining sector hit its all-time high in 1984, registering a 0.9 on the ratio. An individual company can go to zero, but an entire sector like metals cannot unless humanity gets wiped out. The mining sector is the closest to zero it has ever been. The last time it was this low was when gold bottomed in the...
The fundamentals look good for Fortuna, and I'm bullish on silver long term anyways. I think I'll be using this stock to invest in silver and profit from rising prices. If this reverse head and shoulders plays out, we could see 60-75% profit. I am not long yet however as I am waiting for a convincing break above the neckline, and a retest of the top of it.
Golden Minerlas Company ($AUMN) This is a Delaware corporation based in Golden, Colorado. The Company is primarily focused on advancing its El Quevar silver property in Argentina, as well as acquiring and advancing mining properties in Mexico, Nevada and Argentina. The following is not investment advice, but simply captures my personal observations: The market...