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Chart 1: Silver Volatility
Here is a weekly chart of Silver with various volatility indicators such as bollinger band width for 40 weeks and 80 weeks and average true range (ATR).
The very low volatility can also be seen in Gold and gold stocks, but Silver has the lowest volatility over the very long term. The BB width for both 40 and 80 weeks is at the lowest in more than 14 years. The ATR is the lowest in nearly 12 years.
Late Saturday evening, we published TDG #560, a 28-page update which included coverage on sector technicals, sentiment and breadth. We focused on breadth and volatility in the sector. We also updated buy price targets on a number of our favorite stocks. We are looking for the HUI to make a lower low below its December 2016 low and for GDX to retest its December 2016 low or come close. Could a break below $1300 Gold push miners to a V bottom?
We accumulated one position last week and tried to accumulate another two more. Two of these stocks could really benefit from a rise in Silver. In fact, if metals reach $1550 Gold and $27 Silver, these two stocks could rise 4x from current levels. The other stock is a company we already own and are adding too. Its a no brainer and something we think could double immediately if Gold breaks out and possibly rise 5x if Gold reaches $1600.
Now is the time to be looking and accumulating as many juniors are sold out and have little downside left in price.
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You nearly always read the trends and support and resistance extremely well. Please keep us posted if or when the outlook seems to change. which you always do of course. TDG is the most valuable resource for understanding what is possible to understand about the PMs.
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Disclaimer: This newsletter is intended for informational and educational purposes only and should not be considered personalized and individualized investment advice. Investment in the precious metals sector contains significant risks. You should consult with an investment advisor and do your own due diligence before making any investment decisions. This email may contain certain forward looking statements which are subject to risks, uncertainties and a multitude of factors that
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