$CDE - MINING PLAY BREAKOUTCDE is yet another example of a mining name that hasn't been found yet but is working on a major breakout.
Coeur Mining, Inc. explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It holds 100% interests in the Palmarejo gold and silver mine covering an area of approximately 67,296 net acres located in the State of Chihuahua in Northern Mexico; the Rochester silver and gold mine that covers an area of approximately 43,441net acres situated in northwestern Nevada; the Kensington gold mine comprising 3,972 net acres located to the north of Juneau, Alaska; the Wharf gold mine covering an area of approximately 3,243 net acres situated in the northern Black Hills of western South Dakota; and the Silvertip silver-zinc-lead mine comprising 97,298 net acres located in northern British Columbia, Canada. In addition, the company owns interests in the Crown and Sterling projects located in southern Nevada; and the La Preciosa project located in Mexico. Further, it markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc. in May 2013.Coeur Mining, Inc. was incorporated in 1928 and is headquartered in Chicago, Illinois.
Trade ideas
SILVER TECHNICAL SETUP - LONGWith substantial weakness in the dollar, precious metals and the USD currency index have a strong inverse correlation.
Silver has broken out from a bullish falling wedge pattern, which it has back tested and then broken out of the back test. We can also see bullish divergence for the MACd technical indicator on the 8H for Silver spot too.
The attached chart shows a bullish wedge patter having being broken out of, we will look for a close above the purple line to confirm a breakout and enter a long position.
Keep in mind the whipsaw effect we always see due to earnings, exercise caution.
#CoeurMining - #Tenbagger Potential #Coeur #Silber #XAGUSDWyckoff defined three market laws:
1. the market is determined by supply and demand.
2. prices are the result of the considerations of market participants (bulls as well as bears) and therefore never random.
3. changes in volume and price, allow for predictions of shifts in supply and demand.
Wyckoff's trading method:
1. determine the current market situation and the respective trend
2. look for stocks with relative strength compared to the overall market (bull market) and vice versa.
3. look for stocks that are in the accumulation phase. Are there any chart patterns that indicate this?
4. how does the stock behave in case of resistance/support and how is the price/volume change
5. determine the time of entry and set StopLoss
To Coeur Mining in Q.1 2020:
85,635 ounces of gold, 2.7 million ounces of silver, 3.2 million ounces of zinc and 2.4 million ounces of lead in Q.1 2020 are mainly produced in the USA (58%), Mexico (36%) and Canada (6%). The main revenues are from the Palmarejo, Rochester, Kensington, Wharf, Silvertip and San Bartolomé mines.
The main investments for further development are made in the Palmarejo, Kensington, Sterling, Silvertip, Rochester & Greenfield mines.
Greetings from Hannover, Lower Saxony
Stefan Bode
Where are Coeur Mining's magnets? $CDE $SLV #SilverCoeur Mining looking to back test important trend shift line. Looking at an important higher up descending trend line, I see where my monthly defined magnets reside. So, again in a weight of evidence precious metals bull era, looking at upwards targets, even amidst fear. A monthly close above 8$ starts the waterfall up! #patience #gold #silver $slv $gld #fintwit $sil $silj $gdx $gdxj $dxy $vix
6.78 looks to be a good entry point here!Great pull-back, looking to take a position at 6.78. Don't think we'll touch that bottom again at the fib retrace line @ $6.50 unless gold breaks support at 1848.49, which puts the next stop closer to 1798, and then we'll have to take another look here. I'm guessing this slide touches down nearer 1855 which should be a great long entry point for the next run with a SL below 1845. Just my opinion. Good luck!






















