RE: Stage Analysis Beginners Questions-silver
Hi Isa,
I was hoping you could comment on silver and PAAS.
Many are commenting on how gold and silver are about to run much higher (they popped Thursday and Friday, especially silver) yet silver to me looks suspect on the weekly as it just got over its 30 MA which is declining since March and the weekly volume this week was very poor despite the price jump. Do you see red flags with silver?
Silver miners looks good based on the chart, I believe, so I was wondering whether PAAS (chart looks good) could be a buy now or whether it should break its recent high of around 26 to enter long. Also, it seems you are focussing on gold miners not silver miners on your weekly watch list so wondering why you are not also focussing on silver miners (perhaps there is a red flag with these)?
Thanks for your thoughts.