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Re: TexasRambler post# 844

Sunday, 02/16/2014 11:32:58 PM

Sunday, February 16, 2014 11:32:58 PM

Post# of 1308
I took a good look at Avino silver chart. They stayed very strong last fall, made a big run to the present. They never really tanked down to the bottom zone in December at all. and now a giant rally soaring.
If I owned it I'd be tempted to take some profits here at the top. This stocks current rally top zone is where it was in February 2012. Spot silver was at 35 dollars back then. Is there some kind of disconnect from reality happening now with Avino? something is not correlated here between this silver miner, and other miners, and spot silver. This might be a bubble rally ready to pop. Te pullback zone ought to retest 1.40-1.60 area.
At the same time Avino chart shows a possible continued blow off rally to target 2.75 area before the bubble gets hammered. wish I was watching Avino last year. It would have been nice to buy at 1 dollar.

But I sure would be taking some off the table here.
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