Sliver Update

Sliver Update

Despite the recent run up Silver remains nearly 70% below its highs. We are long SLV and remain bullish on the metals. We covered SLV on Tuesday: http://thisweekonwallstreet.com/silver-breakout/ . Silver(SLV) finished last week with a 6% gain and is 13% above the May...
Silver Breakout?

Silver Breakout?

SLV is moving past the June highs this morning. SLV(iShares Silver Trust ETF) is piercing a key trendline that links the February/June highs. This breakout type move is setting the index up for its best close since late February. The SLV Index began to leave behind a...
Pan American Powerhouse

Pan American Powerhouse

A bullish play on silver. PAAS is up over 6% today on very heavy trade after opening the session with a powerful upside gap. Just last month the stock reached its lowest level since Q1 of 2016 while dipping into deeply oversold territory. We believe today’s...
Will Gold Grind Higher?

Will Gold Grind Higher?

Gold has moved sharply higher off the November lows.  Since hitting new 2018 lows in mid August the $GLD is working on its fourth straight higher monthly low.  Last week $GLD closed above its 200 day moving average for the first time since mid May.  With layers of...
Newmont Mining Update

Newmont Mining Update

$NEM(+1.4%) is a top 10 gainer in the S&P 500 Index in the early going.  The stock continues to battle heavy resistance just below $34.00.  Back on mid August the stock, as well as the entire mining sector, suffered a very damaging breakdown.  $NEM fell over 6.3%...