Mag

-> Posted by Alex33 @ 14:00 pm on March 8, 2019 2 Comments on Mag

Mag silver very strong again!

Break out to new highs or double top?

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This is the ONLY near term producer you can invest in silver, most big producers like Fresnillo and Hochschild face costs pressures, not to mention First Majestic, that is loss making at current silver and trading at very expensive levels!

If I had to own a producer, I would only be comfortable with Fres.l, even with less positive chart. That’s why MAG is so interesting, Fresnillo has to put this project as fast as possible into production to realize sales growth the next 5 years.

Other developers to look at that are a play on high grade silver could be MGG, SIL and KTN

Weekly outside reversals all over the place.

-> Posted by DaveintheUK @ 18:17 pm on June 3, 2016 Comments Off on Weekly outside reversals all over the place.

I just took a look at the weekly gold chart to see if it was an outside reversal of last week’s decline (bullish engulfing candle). It wasn’t. Silver wasn’t either but it shows a weekly hammer candle after a downtrend.

OK, what about the miners? Every chart I looked at (picked randomly) showed a bullish outside reversal or very close to one (the only caveat was that the base of one or two of this week’s candles started a little higher than the close of last week’s – does that matter)? All closed above last week’s open. HUI, XAU, GDX, GDXJ, Newmont, Barrick, Pretium, Silver Standard, First Majestic, Pan American Silver and Fresnillo, while Franco-Nevada and Silver Wheaton both erased more than the last two week’s losses this week – well they would have to show off! (What would you call that? A double bullish engulfing candle?). Finally , Agnico-Eagle – oh boy!

Can any of you real TA experts comment on the significance or otherwise of this? I am quite a newbie really.