Final Flush Before 7000 - Gold & The DollarThe dollar should briefly correct while metals rally in the near term
FSM
FSM a silver junior miner poised to profit on silver's momentum FSM is on a 30-minute chart. The trade idea is that FMS suffers in drops in spot sliver but
thrives when spot silver rises as its fixed expenses in mining allow for increases in margin
in a curvilinear fashion when spot silver rises. This is more so than a senior miner such as FCX
that moves slower when metal prices rise or fall. I see the quick geopolitical dip in spot silver
as an opportunity to pick up junior miners ( including GDXJ the ETF) at a discounted price to
be held for spot silver recovery and then averaged out for realization of profits.
EXK will run as long as silver moves higher LONGEXK is a junior miner. With fixed expenses in its mining operations for the most part, margins
rise dramatically when silver is rising and the opposite is likewise applicable. This is the crux
of using junior miners as a means to profit from trending in precious metals. As a penny stock
EXK has hieghtened volatility as compared with Barrock Gold or the GLD ETF. there are other
junior miners. EXK has added 40% to its market cap in two weeks. Until the momentum of spot
silver fades, EXK will continue its momentum. I will add to my long position here and fortify
the call option position as well.
NGD - a gold mining penny stock is bullish LONGNGD on the highly reliable monthly chart has signs of bullish momentum including a cross over
the POC line of the volume profile,a monthly volume bar over the running mean for the first
time in two years price crossing over the mean anchored VWAP and both the trend and
the momentum indicators making reversals. I will open a long trade of both shares as well
as a lot of call options for mid- November striking OTM at $ 1.50. This junior miner
stands to gain earnings when gold prices rise proportionately more than established global
mining operations. My target is 3.5 just under two standard deviations above VWAP. I will
take off 1/3 of the position at 2.7 at the first standard deviation above VWAP in best practices
for risk management.
EXK ffalling wedge breakout after silver mining earnings LONGEXK is a silver mining company with operations in USA Canada and Mexcio. On the daily chart,
it has been in a falling wedge for more than six months. The earnings report was a 40% beat on
earnings and 2% on revenue. Price broke above the wedge one week earlier. The price action
has been supported by higher volumes. The Price Momentum Oscillator and Relative Trend
Index indicators provide further documentation of the bullish momentum. I will initiate
long trades of shares and call options here. I am targeting 3.5 for 40% upside. I will take
off 1/3 of the trade upon reaching 3.0 and convert the stop loss to a trailing 5%.
FSM - possible upsideFSM looks good and it seems to be ready for more upside.
Key support has held and Williams Alligator looks like it's going to have a bullish cross which would be a buy signal.
3 targets are shown on the chart.
58 % upside potential on FSM
Good luck
Love The Upside! - Fortuna Silver Mines Inc <FSM>Going into the Earnings report on August 11th, I think we will have a great bullish swing with tons of upside, ex. going from 4.10-ish to the 5.90 level at a minimum, and potentially even higher depending on the news.
The company has been struggling in the last few years yet now is dishing out a ton of positive news about their ventures and the scale of their operations. Quarterly financials show that they are looking to have stronger financials than they have in the last 3 years... I think this offers a lot of growth for an otherwise currently undervalued player in the space!
If the results however are much more negative than expected, I could imagine a lowering down to $2.85-ish at the lowest, before we will hopefully get a lot more support for another bullish move back to current levels and beyond, perhaps around $5.00.
Either way, if you are looking for a nice little swing play with the potential for a 20-50%-ish upside depending on the outcome of the next earnings report, and also don't mind holding for a few months to see where we go, then this opportunity is likely to be for you!
FSM Bullish IdeaFSM (Fortuna Silver Miners) earnings came out recently. With the positive earnings report and increase in Silver price, we believe FSM will move higher. In our perspective, Silver looks bullish on the charts. If Silver can maintain its momentum, we believe miners like FSM can benefit heavily. FSM allows the use of leverage in some brokerages, We are long FSM! - HH
Higher lows, and proper exposure to silver spot price!Potential gain:30%
Reward/Risk:3.3
Timeframe: 1-6wks
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
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LONG FSMExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Strengthening my positionAs the silver markets are continually depressed, yet keep showing impulsive character, I believe Fortuna Silver Mines is a great value right now. Keep in mind that we need to hold the ~3.30's for this to stay valid, so that would be a great place to have stops.
Bullish Reversal PatternThe fundamentals look good for Fortuna, and I'm bullish on silver long term anyways. I think I'll be using this stock to invest in silver and profit from rising prices. If this reverse head and shoulders plays out, we could see 60-75% profit. I am not long yet however as I am waiting for a convincing break above the neckline, and a retest of the top of it.
LONG FSMExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
LONG FSMExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Buona Fortuna!One of the silver/gold miners I follow with a nice pullback to the .5 fib. I will be watching this (and gold and silver prices) over the next few days. Anything near 3.50 is a buy with tight stops IMO. If it goes lower than 3.50 it may retest 3.11 support. Target is 6 dollars for now.
Good Luck (Buona Fortuna!)
Long FSM on daily reversal from extremely oversold levelsOne of the best gold/silver stocks based on fundamentals just made a reversal on critical support. Very underpriced stock, trading below book value. Stock is extremely oversold both on weekly and daily based on Williams%R oscilator and just made bullish daily reversal (big marubozu candlestick) on support.
FSM fortuna silver mines in accumulation?I see 2 possibilitys here either fortuna is under a accumulation or redistribution i know this may seem like a redistribution theres a chance this was a terminal shakeout if we creep up back into the prior tradingrange that would be utterly bullish. This stock seems to be in weak hands hence the possibility for a shakeout.
Whether direction it goes we should be prepard for both !
Incase its in redistribution it could drop 50%
Incase its accumulation it has a upside potential of a whopping 80%
