Didn't expect it to move this fast at all. I'm looking at chart and thinking "I should take some profits" but volume is low and don't want to make mistake I did on Trevali.
I loaded a big position in Trevali at $.60 back in 2016 and then sold most at $.90 because it moved there ridiculously fast. It kept going to $1.20 though non-stop and then consolidated between $1.25 and $1.10 for almost a year, and is still going higher. I should of held to see what the multi-month top was (i.e. $1.25). The only way to tell where the top is to ride it up and then sell on the way down. This is Jesse Livermore-ism.
I think zinc has much more upside and Silver has barely budged so USA.TO could be higher in a month's time. This doesn't mean its not going to go back to $5.00 though first (TSX $5.00, it's trading at $5.40 today).
I also don't think that USA.TO is really on the mainstream's radar as a zinc play.
Take a look at Excellon and chart almost looks identical to USA.TO (gone vertical out of big triangle) so you can keep an eye on both of them. Excellon is super high grade silver + zinc + lead. From EXN.TO's webpage their La Platosa resource is:
M+I RESOURCE OF 428,000 TONNES @ 760 G/T SILVER, 8.28% LEAD AND 9.88% ZINC
Zinc is in a bull market, market is expecting silver to move higher over next couple months and Lead has also been moving higher for last 1.75 years. I'm glad I looked at this because it is the same forces pulling up both USA.TO and EXN.TO.
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