Seems to be outperforming other metals stocks hugely. Leading the pack and with a relentless bid.
Is it because it is go to stock for the big money crowd? (liquidity). Or did they find some huge new gold reserve somewhere.
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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