The stock
LSE:FRES - Worlds largest primary silver producer.
The thesis
XAUUSD has been on a pretty strong run over the last five years, and always does well during turbulent times or when banks turn to QE . There's every indication the FED & other central banks will be printing money like it's going out of fashion over the next few months/years. Silver prices follow Gold (with higher delta) and silver stock prices follows silver (with higher delta). The GOLDSILVER ratio just had a blowoff top signalling a potential reversal in fortunes for GOLD's shiny little cousin.
The TA
Poking it's head above a 4 year trend line after a high volume inverted hammer at a key level of long term support potentially signals a reversal.
LSE:FRES - Worlds largest primary silver producer.
The thesis
XAUUSD has been on a pretty strong run over the last five years, and always does well during turbulent times or when banks turn to QE . There's every indication the FED & other central banks will be printing money like it's going out of fashion over the next few months/years. Silver prices follow Gold (with higher delta) and silver stock prices follows silver (with higher delta). The GOLDSILVER ratio just had a blowoff top signalling a potential reversal in fortunes for GOLD's shiny little cousin.
The TA
Poking it's head above a 4 year trend line after a high volume inverted hammer at a key level of long term support potentially signals a reversal.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.