Silverminers
Silver Junior Miner Value Hunting - SPA / SPAZFSpanish mountain has very little debt and is highly leveraged to the price of silver.
Very little downside here, tons of mid & long-term upside potential. Intrinsically undervalued company & assets. They're sitting on a literal mountain of silver trading well below their 2016 peak.
Conservatively I see SPA / SPAZF increasing 150% in 2020. All this requires is SPA getting back to its 2016 high when silver was at $19.
If we get $21 or $25 silver, which I believe is highly likely in 2020, then a 1.5 bagger in Spanish Mountain is pretty much guaranteed.
It could fall from 9 cents to 6 or 5.5 cents, which is a 30-40% loss, and it could easily rise 150%. That's an extremely favorable risk-reward.
If silver were to rise to $30, SPA could rise 400%. 50$ silver would give us close to 1000% gain in SPA.
And eventually, when we get 3 digit silver. Whether that's $100 silver or $500 silver. Juniors such as Spanish Mountain could become 20-100x baggers.
Think long-term ;)
Value Hunting in the Silver Junior Mining SpaceWith silver likely to surpass its 2016 peak of $21 this year in 2020, some of the overlooked silver junior miners may catch a bid here.
In order to get back to just its 2016 peak, Impact Silver would need to increase 197%.
I think at minimum we will get a 100% move in Impact Silver in 2020, with a less likely upward potential of 275%.
This a miner you want to be accumulating while cheap and owning during the next bull market in silver.
Very little debt. Is a producing junior miner. Has survived multiple bear markets. Highly leveraged to the price of silver.
Pan American Silver : Long SetupThe fact that Silver prices remain cheaper than the S&P rally may have a positive effect on the stock.
In order to reduce the financial leverage, the Stop-Loss value has been manually converted to lower values.
In addition, the buy signal was taken from the weekly chart :
The infrastructure on which the analysis is generally based is given in related ideas.
Parameters :
Risk/Reward Ratio : 1 / 2.48
Stop-Loss : 28.72
Goal : 34.57
Fresnillo - LONGLong opportunities continue to present themselves while this technical standpoint continues to play out. Sized in from the bottom and looking to sit on my hands to take profit at key levels on the chart. Trade with care.
Note: This idea follows my own tried and testing trading strategy and rules. This idea does not constitute trading guidance for anyone else.
DM to learn more about learning to trade.
Silver Target of $26 as Silver Plays "Catch Up" to GoldSilver had a nice surge earlier in the year as Gold surged to $1550. Overall, Silver has underperformed gold this year and remains undervalued relative to gold. As the metals finish and round out of this consolidation (retest of the breakout) look for gold to move towards $1711 and $1834. Silver and Platinum will both follow gold's move and will outperform. We could see $26/oz Silver and $1200/oz Platinum as soon as the 2020 spring.
Silver needs to hold above key support, which lies around $15.65-$16.10. A break below this would not be good for the metals market.
I will be accumulating shares of junior silver miners throughout this consolidation.
Miners can be volatile. Know your risk tolerance, know what you're trying to achieve.
Silver miners are looking good.2 possible counts.
The green count seems more likely because I see 5 wave subdivisions within the larger waves. We just reached the 1:1 fib extension and if we can continue upwards through there, our chances improve that this trade continues upwards.
Breakout will be confirmed if we reach $11.60
SILVER IS HOTTTLet me be clear that until we break to new highs (~11.60) with confidence, there is risk still for one last pullback to (~8.90).
However, the fundamentals are lining up for silver to go parabolic, whether that happens immediately, or the beginning of next year.
My long term target is in the $20's
Metals Correction is Almost Over. Onto Higher Targets for SilverGold broke out of a 6-year base this year, leading the other metals and commodities. 6-year base breakouts don't just end in 1-month surges. We have higher gold targets following this correction. $1711 and $1834 gold targets in the next 3-5 months.
To us, this correction is an accumulation opportunity. When silver rallies to $25, silver miners will have a ton of ground to cover.
Some are speculating on a more significant decline in gold prices. We could certainly correct to the low $1400s but it will be a short-lived correction not a new bear trend.
Low 1400s is overly optimistic in my opinion. I don't think we'll see below 1434, but if we do, that's just another chance to buy more for cheaper.
Gold and Silver Miner Buying Opportunity At Gold current prices, Spanish Mountain and many other junior miners are severely undervalued.
Merely a move back to previous highs would be significant.
In the event that we see a 1970's or early 2000's style gold rally in the coming decade, junior miners such as Spanish Mountain will perform incredibly. I continue to believe that the gold mining sector has enormous potential that is being overlooked.
I am anticipating more of a pullback in gold, which would coincide with a little more downside in SPAZF. Even if we don't see that pullback, I will continue to dollar-cost-average in SPAZF and other miners for long-term investment.
This is not trading or investing advice, merely educational research. DYODD
LONG CDE - Company just broke out of a 8 year down trendCDE is a great buy here as the stock has broken out of a 8 year down trend starting in 2011. CDE has lagged other silver miners slightly during these recent silver breakout ().
They are optimizing recovery and costs at current claims and have a great deal of exploration and potential for new claims in the works. They have suffered from aggressive short selling as of late - see: fintel.io , but this should just fuel a spike in the stock as Silver moves to its next resistance point of $17.30. Technically resistance at $5.20, then $5.75.
First Majestic Silver Corp Bullish Potential.The top silver stock has aggressively broken above a +2 year bearish Channel Down on 1W (RSI = 79.546) and showcases significant long term bullish potential. If a new Channel Up emerges on 1W then the Buy Zone is within 7.00 - 8.00. If the 1W Resistance break out aggressively then again the bullish potential will be even stronger. In both cases we will be going long.
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FSM fortuna silver mines in accumulation?I see 2 possibilitys here either fortuna is under a accumulation or redistribution i know this may seem like a redistribution theres a chance this was a terminal shakeout if we creep up back into the prior tradingrange that would be utterly bullish. This stock seems to be in weak hands hence the possibility for a shakeout.
Whether direction it goes we should be prepard for both !
Incase its in redistribution it could drop 50%
Incase its accumulation it has a upside potential of a whopping 80%