Silver Stocker For Entertainment Purposes Only.

Forget $14 i'm not sure it can hold 12.

Unreal

ER

On a positive note, as a result of news a gap of 82 cents has been painted and with near certainty will be filled. It is trading at $12.65 now after a low at $12.12. Can't be sure but with a little additional trading it looks like $12 will hold but barely. I do not hold any nor will I buy, I have too much South and central American exposure now.

Forget $14 i'm not sure it can hold 12.

Unreal

ER

It bought TAHO. One shitty company!

anybody still long this company. Seems charts are broken and cash flow negative. Any ideas of how low it will go and when to buy?

I do not have a lot of confidence in this interpretation, but I will put it out for discussion. On the STO chart, note the curves are bear oriented and that it is at a mininum over the time period. This has occurred several times yet the stock still went down. However, taking STO data with the new extremely oversold position shown by the RSI and one can conclude we are near the bottom. Share price is well below the lower BB boundary, a condition that is normally short lived either via share price moving up or the band moving lower. There is a lot of momentum to move the band lower suggesting the lower band is not containing share price. As mentioned in an earlier post, there is weak and dated (late 2015) historical support at $1.25 with the January 2016 low around 50 cents. Since the occurance of those two data points, USAS has increased reserves considerably but migrated to much more base metal in its product mix at the expense of silver. That probably suggests target share price is well above 50 cents. Not shown, but the MACD histogram is atrociously bearish. A probable indication that the bottom is in would be both STO and MACD momentum indicators turing positive, but not sure where that will occur, it could be at a $1.50 with a base building over time.

PAAS made an offer buy acquire TAHO that has been accepted by both boards. It is a huge bargain for PAAS resulting from gross mismanagement at TAHO. TAHO bought Lakeshore gold, an Ontario operation next to the Quebec border that is not part of the PAAS Central and South American operation. I would like to see PAAS spin it off to essentially recreate Lakeshore Gold, a company I liked and held until the TAHO takeover.

This is one ugly chart!



There is enough momentum to assure a bear cross soon. Another thought, is this the price action one would expect to see in an economy growing at 4% per year? Probably reflects more government truth in numbers, not.