Sent to subscribers on 7/27 along with this chart. FVI subsequently pinged support and reversed. Come on and subscribe. You know you want to. ;-) BTW, First Majestic (AG) was subsequently added although for the moment I am SLW-free.
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"For anyone interested, FVI.to/FVITF is coming down to a logical point of support.
This is a stock that has been well vetted and highly thought of by Otto at IKN, among other notable and reputable analysts.
Unfortunately, Fortuna was one of the 'core' items I decided to re buy 'as is', without waiting for downside opportunity. As you know, the way I manage the portfolios, I must have certain core items regardless of my views on potential corrections, as long as I perceive an ongoing bull market. So I will think about reestablishing things like SLW and AG in due course if the analysis remains constructive on silver in a bigger picture.
Generally, I favor gold stocks now, but would like to have a few of the very best silver stocks as well. The attached chart shows the support level that would-be buyers might consider an opportunity. Risk (for traders) is controlled with a loss of the green support area.
Regards, Gary"
This is a stock that has been well vetted and highly thought of by Otto at IKN, among other notable and reputable analysts.
Unfortunately, Fortuna was one of the 'core' items I decided to re buy 'as is', without waiting for downside opportunity. As you know, the way I manage the portfolios, I must have certain core items regardless of my views on potential corrections, as long as I perceive an ongoing bull market. So I will think about reestablishing things like SLW and AG in due course if the analysis remains constructive on silver in a bigger picture.
Generally, I favor gold stocks now, but would like to have a few of the very best silver stocks as well. The attached chart shows the support level that would-be buyers might consider an opportunity. Risk (for traders) is controlled with a loss of the green support area.
Regards, Gary"
Follow @BiiwiiNFTRH

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