RE: RE: momentumsilverseeker....
i don't disagree long term. Short term silver and it's proxies - SLW and FR are extended, I own some FR but am hedged - meaning i own puts on SLW and SLV. Have to have insurance. I've traded gold/silver stocks for too long. PM stocks go down faster than they go up.
https://stockcharts.com/h-sc/ui?s=FR.TO:$SILVER&p=D&yr=3&mn=0&dy=0&id=p02962684181
Our relationship to silver has gotten toppy.
We could easily see $5.50 if metals correct. These are stocks,,,,you know, and what i said previously.....black boxes don't care about fundamentals.
Most important thing to watch for in a PM stock? How it reacts when metals correct.
We'll see. I'd love to see the volume dry up and we base in the low $6's for awhile.
That's hope.
Reality?
Let's watch - the TAPE never lies.
Good luck.
p