Seems to be outperforming other metals stocks hugely. Leading the pack and with a relentless bid.
Why?
Is it because it is go to stock for the big money crowd? (liquidity). Or did they find some huge new gold reserve somewhere.
Posted 13 June 2019 - 10:12 AM
Seems to be outperforming other metals stocks hugely. Leading the pack and with a relentless bid.
Why?
Is it because it is go to stock for the big money crowd? (liquidity). Or did they find some huge new gold reserve somewhere.
Posted 13 June 2019 - 11:10 AM
Ok i figured it out... shorts are covering their long term shorts, so partly short squeeze and some new longs getting in on a silver breakout north....
not to mention the huge bullish divergence in SILJ as senor bs has pointed out...
Edited by tradesurfer, 13 June 2019 - 11:11 AM.
Posted 13 June 2019 - 11:32 AM
CDE has been an even bigger beach ball underwater, got slaughtered with over a full dollar drop below the Dec lows and had divergences daily and weekly, I loaded up on this pullback from the 5 up high from 2.78 low to 3.46 high, avg price 3.12, right now right at 50-day MA resistance at 3.41 area, get above there and prev 3.46 high and it should fly norte in wave 3 toward 4. Next two I am waiting for to ignite are FSM and PAAS, get silver above 15 and watch out! BTW the 200-day MA in CDE is currently near 4.5. Also of interest, look at CDE's weekly RSI oversold pattern from Aug of 2015 into the Jan 2016 major low - then compare to the recent pattern from Dec 2018 to just a few weeks ago - look familiar? Looks like Paas may be starting to go, love how well that SILJ/HUI ratio tipped me off, as always DYODD
Posted 13 June 2019 - 02:42 PM
Thanks for the thorough response Senor BS ! CDE also has an inverse head and shoulder pattern a small one targeting 4.00 for starters.