Low Risk Buy Zone I may be crazy, but I keep adding shares of ANV at these bargain prices.
I added again this morning because I like the action in gold and the shares.
I may be wrong, but this looks like the best opportunity to accumulate shares since last Dec.
What is great for a trader is that we can go long with a close stop that makes sense.
If ANV is sold out, the SP should not make a new low on this sell-off and that provides a low risk entry zone.
We can use a stop at the recent lows and be out if we are wrong.
I think the biggest risk, right now, is that gold has not yet bottomed.
I see that as the main reason to question whether ANV has made its final low for this move.
Since that is a clear risk it makes sense to use stops on new additions while possibly keeping a core position for the longer term.
Good luck!
goldguy