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...
I believe today may mark the bottom and reversal day for gold & silver. If it does mark the beginning of the bull market I will have been one week early. My favorite silver spec that is a good lead indicator is GPL and it is moving higher. Buy and continue to watch GPL for clues to the future.
Well, we are finally here at the end of the month, quarter, and first half. This is where the charts have been telling me for months the consolidation in the precious metals should end. The greatest bull market in financial history begins next week for gold and especially Silver. Take a look at a five year chart of silver and you will see a beautiful two year cup...
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.
While I strongly believe everyone should have a core, precious metal position in physical silver to hold long term as an investment, I love GPL as my trading vehicle. It not only shows exceptional relative strength, it leads the metals and mining stocks and has acted great, whenever I have recommended it. Buy now under 1.80.
Today should mark the effective bottom for Gold & Silver. My chart counts pointed to today. Yesterday NEM finally filled the gap@33 and it is showing relative strength today.I first recommended GPL back in December the week before Christmas around 1.40. It went to 2.28 and is now around 1.70.BUY GPL, NEM & CEF.