Nice breakout on the monthly Silver chart. How far, how fast? I
went heavy into Silver miners on October 4th. Tried to pick
the highest beta ones in the run ups in 2010, 2016, and 2020 as the
Gold divided by Silver ratio suggests its time for another run like
that in favor of Silver. Think this run goes until they take
out their Feb 2021 highs. That run lasted 11 months. Longer holds
at consequential turning points is my favored trading style.
Thankfully it seems to have been a good move. The only one I don't
like is EXK because they diluted their stock right into the lows to
make sure they had enough capital to build the Terranova mine.
Stupid management decision. Got into CDE not long after I saw
that 2.00 low compared to 1.98 in 2020 when Silver spiked down to
11.64 versus prices today on their monthly chart. Bought all
these below.
Nice breakout on the monthly
Posted by steve101 on 1st of Dec 2023 at 07:40 pm
Nice breakout on the monthly Silver chart. How far, how fast? I went heavy into Silver miners on October 4th. Tried to pick the highest beta ones in the run ups in 2010, 2016, and 2020 as the Gold divided by Silver ratio suggests its time for another run like that in favor of Silver. Think this run goes until they take out their Feb 2021 highs. That run lasted 11 months. Longer holds at consequential turning points is my favored trading style. Thankfully it seems to have been a good move. The only one I don't like is EXK because they diluted their stock right into the lows to make sure they had enough capital to build the Terranova mine. Stupid management decision. Got into CDE not long after I saw that 2.00 low compared to 1.98 in 2020 when Silver spiked down to 11.64 versus prices today on their monthly chart. Bought all these below.
https://stockcharts.com/h-sc/ui?s=$SILVER&p=M&yr=14&mn=0&dy=0&id=p49817448586&a=1121677380&listNum=61
https://stockcharts.com/h-sc/ui?s=$GOLD:$SILVER&p=M&yr=14&mn=0&dy=0&id=p49817448586&a=1121677380&listNum=61
https://stockcharts.com/h-sc/ui?s=SILV&p=M&yr=14&mn=0&dy=0&id=p49817448586&a=1121677380&listNum=61
https://stockcharts.com/h-sc/ui?s=FSM&p=M&yr=14&mn=0&dy=0&id=p49817448586&a=1121677380&listNum=61
https://stockcharts.com/h-sc/ui?s=GATO&p=M&yr=14&mn=0&dy=0&id=p49817448586&a=1121677380&listNum=61
https://stockcharts.com/h-sc/ui?s=SVM&p=M&yr=14&mn=0&dy=0&id=p49817448586&a=1121677380&listNum=61
https://stockcharts.com/h-sc/ui?s=HL&p=M&yr=14&mn=0&dy=0&id=p49817448586&a=1121677380&listNum=61
https://stockcharts.com/h-sc/ui?s=CDE&p=M&yr=14&mn=0&dy=0&id=p49817448586&a=1121677380&listNum=61
https://stockcharts.com/h-sc/ui?s=MAG&p=M&yr=14&mn=0&dy=0&id=p49817448586&a=1121677380&listNum=61
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