COEUR MINING INC

NYSE

CDE

CDE has broken the short term downtrend on very high volume after touching support. CDE has been beaten to death recently and is a good value play. Insidering have also been buying. I picked some up at the support and will be adding to my position on weakness.

CDE is the stock connected with the mining industry and has recently touched the bottom. Look for the buy entries here on any daily bounce.

CDE long idea. I am targeting the confluence of 1.618 ext PLUS h&s projection.

silver based on the gold silver ratio is at a discount not seen since the 1990's. the bearish divergence within the ratio indicates metals traders are be are beginning to flow into or swap gold into silver. since the spread is at an unusual dissonance silver miners may have an extended exposure to the net flows. cde hits most if not all the check boxes i look for...

Gold to silver ratio is at a 27+yrs high. Within the physical swap ratio bearish divergence has been detected meaning silver is likely to outperform gold on a notional basis. That being said if gold and silver fall together. Gold is likely to fall faster than silver. But when gold and silver rise silver is likely to outperform gold. CDE is one of a few silver...

Watch for this range from now to Oct timeframe, gold & silver holding, think this will break out of multi year wedge

I hate those half way bounces marked as 1,2,3,4..

Have a nice 5x3 at the base of the Retracement. Can use this pattern to Define Risk.

This is a triangle in progress and this one has taken one year and four months to take shape. The support level around 7.20 has been relevant in the past (without be to precise) But now why I care is the resistance line in the triangle. This is not a confirmed resistance breakout yet but I shared the idea because other Companies in this same Industry/Sector are...

So now we switch to the bull CDE chart.

Would you get a load of that? I.e> red channel. You can see I added that in later.

To understand my chart one must look to the past. After a spike up from reversal lows.. we get #1.. most people call this abc=#1. Its about a 50 to 60% correction---look to 2008.

Perhaps gold will continue lower after all. $GDX $GDXJ $GLD

Look at that, it became a broken down Triangle.

Finally CDE is coming down,, losses should pick up soon.

need a close above Blue Line first. $GDX $GDXJ $DUST $NUGT $GLD

Projected high around 12-13

CDE has ended the steady and rather drawnout counter trend phase since mid-2016 with the break above ~9.05. A strong upmove towards minimally 11.75 (1st projection) is extremely likely. Secondary targets come in at 14.30 (3-4 months) while the long-term forecasts suggest levels well above 17.50 (12-months+). Maintain initial stops below 8.25.