GPL long
Gold & silver have delivered an impressive rally out of what is now considered an ICL. Now well through their first DC, it might be too late to go heavily long precious metals.
That said, many silver stocks like EXK, AG, GPL still linger at the lows. If the sector is bullish these offer better risk.
I like the consolidation action in GPL, I believe it is building energy for a strong run. That is why I have cautiously added (5 times) over this month. It is still a good risk/reward with stops at the 10 or 50ma. Zooming out, one can see this is a very strong level of support.
My cost basis is $1.27 which gives me some wiggle room but not a whole lot. I hope it just runs out of this base, and soon.
That said, many silver stocks like EXK, AG, GPL still linger at the lows. If the sector is bullish these offer better risk.
I like the consolidation action in GPL, I believe it is building energy for a strong run. That is why I have cautiously added (5 times) over this month. It is still a good risk/reward with stops at the 10 or 50ma. Zooming out, one can see this is a very strong level of support.
My cost basis is $1.27 which gives me some wiggle room but not a whole lot. I hope it just runs out of this base, and soon.
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