MAG: A Good Low-Risk Buy

Gold Stock Technician (09/03/2009)
"MAG Silver (MVG) trading near $4.5 has a good double bottom base with a low in late Feb-early March retested in the course of the last few weeks. Downside momentum has virtually evaporated, and we believe the share price is in a good low-risk position to make gains in the weeks ahead. Very large silver deposit, suggests these shares will have very good leverage to a rising silver price. Our rating: a good low-risk buy."

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