SLV managed to trade & close above the key 14.70ish resistance level on Wednesday & Thursday but so far today, prices have fallen back below... a bearish sign for SLV, should it not be able to quickly regain & close back above. With GLD still below comparable key resistance, I would put odds on the [...]
SLV has broken above this descending price channel. Should it go on to solidly regain the 14.70ish resistance (former triple bottom support) level, that would bode very well for the longer-term bullish case. SLV daily Aug 10th GPL (Great Panther Silver) has broken above this (blue) bullish falling wedge but so far, stalled [...]
GPL Final Target Hit GPL (Great Panther Silver) hit the third & final target (1.33) on Thursday as well as Friday, providing a quick 33% gain on this trade in just eight trading sessions. As T3 was the final target, GPL will be moved to the Completed Trades category where all associated posts [...]
GPL Second Price Target Hit GPL has hit the second price target, T2 at 1.22, for a quick 22% gain. Consider booking partial or full profits and/or raising stops, depending on your trading plan.
GPL (Great Panther Silver) has hit the first price target for a 10% gain. Consider booking partial or full profits and/or raising stops if holding out for one of the additional targets. GPL First Target Hit
For those wishing to skip ahead, the following securities are covered in this order: $GOLD/GLD, $SILVER/SLV, SIL, GDX, AUY, GPL, HMY, SSRI, ALIAF, EGO, HL, & KGC.
GPL (Great Panther Silver) will trigger a long entry on a break above this bullish falling wedge pattern. Note how the previous oversold readings, 5 in total last year, all lead to significant rallies in this mining stock. With prices having already rallied about 12.5% since the recent oversold reading and considering where prices are [...]