Wyckoff defined three market laws:
1. the market is determined by supply and demand.
2. prices are the result of the considerations of market participants (bulls as well as bears) and therefore never random.
3. changes in volume and price, allow for predictions of shifts in supply and demand.
Wyckoff's trading method:
1. determine the current market situation and the respective trend
2. look for stocks with relative strength compared to the overall market (bull market) and vice versa.
3. look for stocks that are in the accumulation phase. Are there any chart patterns that indicate this?
4. how does the stock behave in case of resistance/support and how is the price/volume change
5. determine the time of entry and set StopLoss
To Coeur Mining in Q.1 2020:
85,635 ounces of gold, 2.7 million ounces of silver, 3.2 million ounces of zinc and 2.4 million ounces of lead in Q.1 2020 are mainly produced in the USA (58%), Mexico (36%) and Canada (6%). The main revenues are from the Palmarejo, Rochester, Kensington, Wharf, Silvertip and San Bartolomé mines.
The main investments for further development are made in the Palmarejo, Kensington, Sterling, Silvertip, Rochester & Greenfield mines.
Greetings from Hannover, Lower Saxony
Stefan Bode