Long
Gold and Silver Miner Buying Opportunity
At Gold current prices, Spanish Mountain and many other junior miners are severely undervalued.
Merely a move back to previous highs would be significant.
In the event that we see a 1970's or early 2000's style gold rally in the coming decade, junior miners such as Spanish Mountain will perform incredibly. I continue to believe that the gold mining sector has enormous potential that is being overlooked.
I am anticipating more of a pullback in gold, which would coincide with a little more downside in SPAZF. Even if we don't see that pullback, I will continue to dollar-cost-average in SPAZF and other miners for long-term investment.
This is not trading or investing advice, merely educational research. DYODD
Merely a move back to previous highs would be significant.
In the event that we see a 1970's or early 2000's style gold rally in the coming decade, junior miners such as Spanish Mountain will perform incredibly. I continue to believe that the gold mining sector has enormous potential that is being overlooked.
I am anticipating more of a pullback in gold, which would coincide with a little more downside in SPAZF. Even if we don't see that pullback, I will continue to dollar-cost-average in SPAZF and other miners for long-term investment.
This is not trading or investing advice, merely educational research. DYODD
Note
in the event SPAZF sold off towards major support below 0.02, I would buy even more. Between 0.03 and 0.01 would be a buy, buy, buy for my purposes.Trade active
SPAZF has held the purple rising support line very nicely. A move to 20 cents looks highly probable
Note
SPAZF has impressed with its stability. I'm very bullish
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.