Started Some Metals

A mine is a hole in the ground with a liar standing on top of it”.-Mark Twain

Dow: -77.91…
Nasdaq: +95.86… S&P: +15.57…

I finally bit the bullet and started adding some gold/silver “stuff” today and I may add more. I was waiting for a pullback, it wasn’t that much of a pullback, but I decided to enter.

These are longer term holds for me, call it 4-6 months.

KL– Targets for me on this one would be 44, 45.75, and there is a gap-fill up at 48 level. The chart is spectacular.

SIL– was added too. SIL gets you long the silver miners.

On the weekly chart below you can see that it put in almost a perfect double bottom when we crashed in February from the Jan 2016 low. 38.50 then 43 would be my first targets but targets over time could be much higher.

PAAS, WPM and AGQ are still on my radar as watchlist names.

Old name from last year, CDE, which I haven’t yet mentioned, also looks promising assuming this sector can really get some momentum.

Its a cheapie, but has an amazing chart with good technicals. Nice cup and handle pattern. On the watchlist.


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