Loading ...The matter with MAG
This is not something PM bulls want to see. MAG silver corporation surely is destined for greatness, but not today apparently. Today it made a new lower low, on good volume. What’s up?
MAG – Daily
Could that be correct – a price target of CAD 6.50? Ugh.
MAG – Weekly
MAG broke through two support trend lines so far. Remember the department store elevator operators of yesteryear? “Going down. Third floor, ladies underwear!” Tsk.
MAG – Monthly
Sorry to see this Foxy
But that is undeniably a bad looking chart after a promising breakout
well spotted
Mr. Market has been very brutal on any miner showing any weak reports/results. The feasibility study is being reviewed by both partners, with Fresnillo recently reiterating production to start-up by mid-2020. I’ve been told because of 43-101 rules that only proven and probable reserves can be used and this will not be a stella report so the shorts are piling on, IMO.
Nobody likes silver for the moment, even Fres.L, the best silver miner in the world producing at very low single digit cash costs is down big! Most newsletter writers recommend to sell silver stocks.
“Nobody likes silver for the moment”…yup, and I’m just a nobody.