The precious metals sector is bullish, and GPL is one of my favorite picks.
It's been two years since it launched out of its 2016 lows, and it has consolidated since. It remains near the bottom of its consolidation range.
It's currently coiling just above the 200dma (40wma) which offers a good short-term stop for risk management.
Prior highs are at $2.30 and...
Gold & silver have delivered an impressive rally out of what is now considered an ICL. Now well through their first DC, it might be too late to go heavily long precious metals.
That said, many silver stocks like EXK, AG, GPL still linger at the lows. If the sector is bullish these offer better risk.
I like the consolidation action in GPL, I believe it is...
GPL is in the middle of a strong downtrend after the breakdown on previous Head and Shoulders pattern. Now it seems near to the completion of this falling wedge. Look to the small timeframes to identify a potential bounce.