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Great Panther Mining Ltd GPLDF

Great Panther Mining Limited is a Canada-based precious metals producer focused on the operation of the Tucano Gold Mine in Brazil. The Company controls a land package covering nearly 200,000 hectares in the prospective Vila Nova Greenstone belt. The Company has three wholly owned mining operations including the Tucano gold mine, which produces gold dore and is located in Amapa State in northern Brazil. In Mexico, Great Panther operates the Topia mine in the state of Durango, which produces concentrates containing silver, gold, lead and zinc, and the Guanajuato Mine Complex (the GMC) in the state of Guanajuato. The GMC comprises the Guanajuato mine, the San Ignacio mine, and the Cata processing plant, which produces silver and gold concentrates. The Company also wholly owns the Coricancha Mine Complex, a gold-silver-copper-lead-zinc mine and processing facility in the central Andes of Peru. It has a portfolio of exploration projects: El Horcon property, Santa Rosa, and Plomo property.


GREY:GPLDF - Post by User

Bullboard Posts
Post by xyz_trader1on Jun 03, 2016 8:48am
291 Views
Post# 24930545

Long Term Silver Bull Market Signal Falls into Place

Long Term Silver Bull Market Signal Falls into Place

Long Term Silver Bull Market Signal Falls into Place

As a newsletter writer who keeps an eye on the long term prospects for silver, there are a few indicators I follow which have proven reliable over the years past. When each indicator issues a buy signal in succession, the probability of a long term silver bull market increases and so does my confidence as a precious metals investor.

You will read various commentators who start pumping silver as soon as it makes a big move. That is not good enough if a reason is not given. We have seen big moves rise and fall these past five years, but none of them issued the buy signal that occurred yesterday in the silver market.

I am referring to the 20 month moving average for silver which is shown in the monthly chart below as a blue line threading through the silver candlesticks. The thesis is simple, when a given month’s trading range for silver moves above and fully clears its current 20 month moving average, a long term bull market in silver has begun. There are only three times this has occurred for silver in the last 18 years – May 2002, September 2009 and now in May 2016.

When the two previous buy signals occurred, silver started bull markets which lasted 6.3 and 1.6 years respectively. The bulls ended when the silver prices did the opposite and fully traded for a month below the 20 month moving average; indicating a bear market was in force. These happened in September 2008 and May 2012.

Note that silver may yet flirt with this moving average and may track it for months (as it did through 2002 and 2003). However, the expectation from here is that silver will not fully trade below this moving average for a long time. There is still at least one long term buy indicator I am waiting on for further confirmation, but from here, it is increasingly looking good for silver in the long term.

After that, I move over to the long term sell signals, but that is another story.

Roland Watson
https://silveranalyst.blogspot.com
silveranalysis@yahoo.co.uk.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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