Silver has now reached critical mass, either this last decline to a new low near 14.50 ends a large and deep correction "NOW" (I favor this) or we see a melt down to new lows below the Nov bottom at 13.89. Show and tell time
Senor
gotta wonder if GSR is now in an ending daily/weekly blowoff spike
Senor
Senor:
I use the Renko Chart of GSR to take out the squiggles and I agree with you on the "blowoff spike" - I see divergences on both MACD and RSI here as well, FWIW
http://schrts.co/ZFAfHKuk
Thx, this could be something like a mirror image of the 2011 GSR spike bottom when silver went to the high 40's, trying to identify an exact blowoff top or spike bottom is impossible but it does usually indicate exhaustion is close and when one looks at charts of PAAS/CDE/FSM and others this has been a crash from the Feb highs, CDE has declined from about 5.73 to the 3 area, FSM from 4.18 to 2.50 PAAS from 15.24 to 10.7 all this with silver so far holding above last years lows, I'd say "capitulation" has occurred but who knows - more to come or just about done?
Senor
This is the kind of news I like to see:
"VANCOUVER, British Columbia, May 17, 2019 (GLOBE NEWSWIRE) -- Fortuna Silver Mines Inc. (FSM) (FVI.TO) reports that Jorge A. Ganoza, Chief Executive Officer of the Company, has increased his equity position in the Company by acquiring 170,000 common shares on the open market at an average price of US$2.59 per share."