___________________________
Scrappy day today for our embattled $HUI, but one that may prove a turning in the match for many of its components, especially in the silver section. First, today’s $HUI chart doesn’t look all that different than last Friday’s… save for one important difference that should be readily apparent:
It may not be so readily apparent to you, but I have four kids, and am, de facto, already a parent.
So too, one of the $HUI’s components seems to also hearing the clarion call of support. This weekly chart of SLW shows both the support zone we are approaching as well as the egregious levels of oversold-edness (sic) that we have not encountered since the Summer of Recovery, way back in ’09.
Other smaller silver players showed similar verve today, including EXK and MVG. If it’s true that the selling is done in the PM’s, my warrant is that the proof will show up in the silver miners first, as they were the most bloodied in the recent “adjustment.” In fact, if I were a betting man (I’m not), I’d look for fellow mojo stock, AG to join his brothers tomorrow.
Best to you all.
________________________
If you enjoy the content at iBankCoin, please follow us on Twitter
I’m liking the looks and chart of this little spec play, GPR.TO you mentioned a while back, too, Jake. The street liked it’s most recent quarter. Just a lotto though.
Nothing wrong w a little speculation as long as you limit yourself to what you can lose.
___
Good eyes, Gint … even if ya gotta squint. 😉
Glad you find it, a parent.
TNA 74.85 +3.79 (5.33%)
Sha-zam
NUGT 28.79 +1.56 (5.73%)
AG up 9.25%!
Whooz yo Daddy?
____
Spot on.
Great call JG. Even DMG’s GSS cancer-stricken stock was up today 😉
(who am i to talk. I need 2 more months of these kind of days to break even on AAU. Sonova…)
Jake – I know you don’t look at penny mining stocks, but I want to to put this one out there for your dd, so if it does become a big winner, I can say I shared it – NBRI.OB