The Gold Report
Notable Quotes
"ICG has closed a CA$2.5M flow-through placement." (12/24/15) Integra Gold Corp. - Thibaut Lepouttre, Caesars Report More >
"The exploration upside at MAG's Juanicipio project is substantial." (12/23/15) MAG Silver Corp. - Gwen Preston, Resource Maven More >
"AKG's management continues to deliver on its development milestones." (12/22/15) Asanko Gold Inc. - Nana Sangmuah, Clarus Securities More >
"We are initiating coverage on KDX with a Buy rating." (12/21/15) Klondex Mines Ltd. - Don Blyth, Paradigm Capital More >
"VIT's Eagle is a shovel-ready, fully permitted, prefinanced gold project." (12/17/15) Victoria Gold Corp. - Tom Hayes, Edison Investment Research More >
Silver Takes a Hit
Silver Prices Newsletter (02/05/2010)
 Taking a quick look at the chart we can see that Silver prices took it on the chin today dropping $1.11 or 6.78%. The RSI has dropped below the '30' level suggesting that silver is oversold and this is a level that we have seen for over a year. What to do now? We humbly suggest that you hold tight to your core position and take a good look at some of your favorite silver producers, select a few and buy them. It's an old cliché to 'Buy on Dips' but it's a good one and this is a dip, go gently and bag a few of them for your core holdings. Silver may still go further down so save some cash to enable you to buy a few more stocks a little later, if silver prices to do go lower. Things will improve even though it looks bleak at the moment. |
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Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.
More Experts
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