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I agree. A reversal seems overdue by now!
Delicious!
A truly amazing chart. Hats off!
I really like this chart. I saw the twitter user "badcharts" made a new silver spruce chart yesterday. Also looking promising.
Well, my chart image wasn't linked correctly: https://ibb.co/vV2X4jj
SLV is looking good - I hope they get physical and don't become a massive paperbag. That said, some interesting junior explorers and miners to watch in my opinion, as silver is now starting to look great:
- Golden Minerals Company ($AUMN, traded at NYSE)
- Bayhorse Silver (Symbol: BHS)
- Colibri Resource Corp. (Symbol: CBI)
- Silver Spruce Resources (Symbol: SSE)
- Slam Exploration (Symbol: SXL)
- Baru Gold (Symbol: BARU)
- Abraplata (Symbol: ABRA)
- Summa Silver (Symbol: SSVR)
- Southern Silver Exploration (Symbol: SSV)
- Gold Standard Ventures (Symbol: GSV)
- GR Silver Mining (Symbol: GRSL)
- Dolly Varden Silver (Symbol: DV)
- Canadian Silver Hunter (Symbol: AGH.H)
- HAWK Gold (Symbol: HAWK)
AG and other interesting junior explorers and miners to watch in my opinion, as silver is now starting to look great:
- Golden Minerals Company ($AUMN, traded at NYSE)
- Bayhorse Silver (Symbol: BHS)
- Colibri Resource Corp. (Symbol: CBI)
- Silver Spruce Resources (Symbol: SSE)
- Slam Exploration (Symbol: SXL)
- Baru Gold (Symbol: BARU)
- Abraplata (Symbol: ABRA)
- Summa Silver (Symbol: SSVR)
- Southern Silver Exploration (Symbol: SSV)
- Gold Standard Ventures (Symbol: GSV)
- GR Silver Mining (Symbol: GRSL)
- Dolly Varden Silver (Symbol: DV)
- Canadian Silver Hunter (Symbol: AGH.H)
- HAWK Gold (Symbol: HAWK)
So many people don't seem to understand that the offering seems to be based on a trading average price and might have been in the works for some time. So they couldn't just offer at the highest closing price of the last xx months, to explain this. The timing was bad, as silver is still rising, and w/o this offering, we would have been a lot higher. But please note that the fundamentala haven't changed. They have improved. Faster Velardeña-ramp up? Perfect! Rodeo fully funded? Perfect! More exploration on the easy lodes a d thus more proven resources? Perfect!
Rodeo is being drilled at the very moment, and the metals are rising. AUMN is massively undervalued.
Great to see bigger mines like Yamana getting a great bit of these "green pastures" with gold. The miners are starting to get green once again, I think this is the real deal. Don't forget to check out smaller explorers on your list (Canadian explorers, traded at the TSX-V) like Silver Spruce Resources (Symbol SSE), CBI, BHS, PSL and some others.
Have a great year!
The miners are starting to get green once again, I think this is the real deal. Don't forget to check out smaller explorers on your list (Canadian explorers, traded at the TSX-V) like Silver Spruce Resources (Symbol SSE), CBI, BHS, PSL and some others.
The price of silver is very relevant. Let's say Gold goes to 1900$ (+) and Silver to 50$ - we can reach old highs, as with inflation, the old highs would make new highs of about 30$, but with some dilution we had in the meantime, we might make 25$ or so per share. But: Who says that Gold stops at 1900? Silver at 50? I guess there is so much more room!
Good to see strength here, now soon the smaller explorers will follow the seniors, the so called "laggers" will come next: Smaller canadian explorers (traded at the TSX) with following symbols for example: SSE, CBI, PSL, EAS, BHS, ORG will, they will, in my opinion, provide a great leverage if the metals continue to go higher, and they might well do so thanks to unlimited money printing.
0.32 per-market. Not bad. If silver continues to push, we might finally break the 18.50-barrier in silver, this might bring AUMN once and for all to take the 0.4 hurdle we have been scratching on for several months now. I guess this year could be stellar for silver and gold, so AUMN in multi-dollarland might soon be the new normal.
This might be the time AUMN finally gets over the 0.3 to 0.4 range, as I strongly believe silver will break out this time thanks to the massive money printing going on. Once that level is taken, I see a fast explosion towards 1.2$.
Rock on
Only my personal opinion and always DYODD.
Good insider buying, good funding for the Rodeo property, this one itself is enough to finance the VelardeNa operation. Let's assume gold and silver do well within the next months. I see AUMN as a very easy buy here.
Management has been refreshed, and the new director seems to be a "1 in a 100" - kind of guy with links to Asia, looking interesting. SSE might need a new project, as Pino might take longer... still no news on Pino. I am well invested and bullish, and hoping that 2020 will bring good results for the metals.
The response time from the mexican authorities was stated to be from 6-12 months, so we should be close to getting an update!
I am highly bullish. Pino de Plata updates around the corner! This project is maybe one of the top 2 of all canadian explorers.
I am highly bullish. Pino de Plata updates around the corner! This project is maybe one of the top 2 of all canadian explorers.
**GREAT DRILL RESULTS** -> The already resource rich El Quevar zone has just seen an upgrade: A new silver zone has been discovered. BIG!
http://www.globenewswire.com/news-release/2019/09/12/1914623/0/en/Golden-Minerals-Finds-New-Silver-Zone-and-Reports-Drill-Results-From-El-Quevar-2019-Drill-Campaign.html
I now expect the gap to close and get a lot over 30 cents today. If the ECB meeting is favorable, I expect Silver to get to 20$ very soon - Fed meeting next week - lower rates - higher metals... AUMN might be well over 1-2$ this year.
Short volume yesterday was 62% of the total volume. Price keeps being suppressed by the shorts. http://shortvolumes.com/?t=AUMN If the metals continue with their uptrend, we will finally break free.
Short volume has been very high these last days, often over 50% of the traded vol.
Waiting for drill results now. Bullish, as the metals are going up.
The Volume and short volume are limited. It is not including all volumes from all Market.
Date Short Volume Total Volume Percent
2019-08-06 42,394 221,232 19%
2019-08-05 447,393 818,611 55%
2019-08-02 232,322 453,101 51%
2019-08-01 206,784 414,162 50%
Drill results should come in any day now. I guess we see 50 cents here before August is over. Just in my opinion and at 17.50$ silver.
So much to catch up... 33 cents was the price before the fall, and at a lower silver and gold price. I guess we might close the week again at 30 or more cents if the metals hold their gains. If they proceed to the upside (expected), we might soon be back in the rally at 40-cents and I forgot to mention the El Quevar drill results that should come in quite soon!
I did some nice buys today - the company is now worth a lot less than the cash they get for the ECU asset sales. So yes, today's action makes 0 sense and I am therefore very sure we will see a good rebound from here on, especially if the metals do well.
GLTA
NEWS OUT! https://web.tmxmoney.com/article.php?newsid=5221995546240243&qm_symbol=MMN
Great IP-survey-results, ladies and gentlemen. Property bought vor a "nickel" and seems to be worth "dollars", so yes, we are in the game.
Stock price showing 0.065 CAD (TMX), level 2 looking very slim to the upside, BID-side strong. German exchanges also strong.
We seem to be at a good start for the year.
I want to see them drilling San José soon, could be a very nice hit over there!
Monarca, "long time no see", my old friend. I see some movement after a longer sleeping time. I will keep an eye on the stock. If we get some news, we know where the old brother goes, but it seems promising that there is hardly any stock offered under 10 cents.
BASEL 3 - Gold now a Tier 1 Asset for all central banks.
This is great news for the precious metals. Let's rock, AUMN
Intro: Latest headlines:
March 28, 2019 - Silver Spruce Identifies Additional Drill Targets at Pino de Plata
https://web.tmxmoney.com/article.php?newsid=8746202890765523&qm_symbol=SSE
March 27, 2019 - Silver Spruce Directors Reconsider Share Consolidation
https://web.tmxmoney.com/article.php?newsid=6088887023171790&qm_symbol=SSE
March 20, 2019 - Silver Spruce Mobilizes Field Crews to Refine Drill Targets and Prepare for Maiden Drill Program at Pino de Plata
https://web.tmxmoney.com/article.php?newsid=5767176342325946&qm_symbol=SSE
Feb. 26, 2019 - Silver Spruce Resources Inc. Announces Closing of Non-Brokered Private Placement
https://web.tmxmoney.com/article.php?newsid=6076899077304460&qm_symbol=SSE
Jan. 30, 2019 - Silver Spruce Resources closes sale of Kay Mine project
https://web.tmxmoney.com/article.php?newsid=8560417461038726&qm_symbol=SSE
Jan. 02, 2019 - Silver Spruce Resources adds Corporate and Legal Expertise to Board
https://web.tmxmoney.com/article.php?newsid=6121405732018975&qm_symbol=SSE
Stock price is starting to move. Things are lining up!
Great progress: since my last post we saw the following updates by the company:
- Reverse Split being reconsidered:
https://web.tmxmoney.com/article.php?newsid=6088887023171790&qm_symbol=SSE
- Additional drill targets on Pino de Plata!: https://web.tmxmoney.com/article.php?newsid=8746202890765523&qm_symbol=SSE
Looking juicy.
We will see drilling here this spring. Looking forward tp a great 2019.
Things are now lining up:
- The drilling preparations are on the way -> Historic drill program (1st on the property, property surrounded by Coeur, valued around 150 Mio!)
- Interest in the stock is currently growing
- Market cap under 3 Mio USD -> if the drill samples are good, we might have a 30 - 50 bagger right here
I am very bullish
News out: drill preparations are going strong (Top notch GEO), git'er done and let'er run. There is gold in them thar hills!
https://mobile.tmxmoney.com/quote/readnews/?id=5767176342325946&symbol=SSE
What a glitch!
Earnings were ok/good, so the stock stayed stable, but in the aftermarket, there was some crazy action.
I am sure tomorrow we will close over 30 cents again. If not, I am sure I won't be the only one buying this dip. The ounces in the ground are still there, no worries.
And by the way: why is Hecla rising cash? I hope they don't buy up AUMN, as the leverage of AUMN to the price of silver is spectacular.
That's exactly what I like. The price is slowly starting to rise, but the stock itself is still nearly completely unknown to stock-groups.
I was in ECU that was bought up by AUMN. By that time, AUMN was at 27$ and silver was near 50$. Once Silver reaches that level again, AUMN will be back at the old highs. At the highs, the company was worth well over a billion $. Now it is worth 30 Millions at 34cents.
There is so much room to the upside once silver breaks out.
Golden Minerals has been in a perfect position since closing the mine temporarily: They didn't sell any ounces at stupid-low silver prices and so conserved all resources. In the meantime, they were able to lease out the processing equipment...
Once silver starts a second "2011" to 50$ or more, we will see a huge PPS increase.