Loading ...PAAS…
Since silver is expecting to outperform gold…
PAAS is high on my list to buy…
Appears to be a bullish wedge close to breaking out…
You are so right Mark…just a few…
KGC
NEM
OCANF with another bullish diamond in the making…
AUY
MUX
HMY
bullish wedges abound! Just like my euro chart on previous post and even GDX. I will post my GDX chart in a sec…..
The last time I really remember a great wedge was this rising wedge in Fresnillo, the London listed silver miner way back in 2011.
It was bearish by the way and exceeded its target on the downside after this.
http://1000gold.blogspot.co.uk/2011/09/is-this-perfect-rising-wedge-pattern.html
as you can see here:
http://1000gold.blogspot.co.uk/2011/10/i-liked-clive-maunds-commentaries-on.html
This pattern worked out wonderfully and the price crashed to below 1600, the target zone.
WOw! OT I know, but I had a $21 downside target for silver in that post from 1 Oct 2011 as well!
http://1000gold.blogspot.co.uk/2011/10/i-liked-clive-maunds-commentaries-on.html
I should have taken notice of my own blog posts! Nobody else did!
…and there is a chart of a fabulous breakdown and back-test in the platinum:gold ratio there too at the bottom of the post. I had completely forgotten about that one. I think the usual pundits were pushing platinum at investors at the time as well, saying it was cheap. Well, it got a lot cheaper.