Pan American Silver: Little Room Left… 🤏Pan American Silver has made extensive use of the blue zone between $21.88 and $13.94 and has little room left to finish the overarching downwards movement. As soon as it has completed wave (ii) in blue, though, it should turn around and gather enough upwards momentum to head for the resistance at $40.11. However, there is still a 45% chance that Pan American Silver could break through the bottom of the blue zone and drop below the support at $10.61, which would then trigger further descent below the next mark at $5.38.
Silverminer
AbbraPlata / AbraSilver Prepped for Stage 2 Launch 2021! - V3Abra is proving even stronger than people are hoping, and seems to be going strength to strength.
Here is a possible forecast for next lift-off.
GOLDEN CROSS ON DAILY CHARTBULLISH GOLDEN CROSS OPPORTUNITY ON SILVER. THIS MOVE CORRESPONDS WITH MASSIVE INVERSE HEAD AND SHOULDERS ON GDXJ (MONTHLY CHART). EXPECTING SILVER TO TARGET 24 AND JUNIOR MINING STOCKS TO RESPOND ACCORDINGLY.
Overlooked silver explorer-developer with no debtGolden Minerlas Company ($AUMN)
This is a Delaware corporation based in Golden, Colorado. The Company is primarily focused on advancing its El Quevar silver property in Argentina, as well as acquiring and advancing mining properties in Mexico, Nevada and Argentina.
The following is not investment advice, but simply captures my personal observations:
The market seems to have completely forgotten the stock; The most recent seeking alpha articles date back from 2014, for example. Current valuation reflects this, with a face-ripping 99% drawdown from its peak.
Management, however, has invested in expanding the resource base during the depth of the PM bear market, and now just entered in a new JV agreement with the potential to broaden their resource base even further (see: www.marketwatch.com)
That news seems to have sparked a break-out.
Now we see this breakout being backtested. I don't see increased volume, and I suspect silver bugs are mostly overlooking this stock still. Its marketcap is tiny at only 30M, so it won't take much to start making waves and get noticed....
Undervalued Gold & Silver Miner Canasil ResourcesThis is one of the mining companies at the top of my watchlist. ALO, AUMN, and SPAZF are also on that list.
Looking to accumulate shares while it is undervalued. I anticipate a “catch up” move will take place. Conservative estimates forecast handsome profits
