Long

PAAS - Putting in the Work Too!Looking

Hey All - Similar to NEM talked about earlier today, PAAS has been putting in some real work since its bear market bottom in 2015. The FIB retracement from PAAS January 2016 run-up has set up nicely and held key FIB levels. Looking for $18 in the short term and longer term around $22 - which would add 40% to the stock price from here. The medals and mining space are a favorite spot of mine especially in the face of uncertainty. Let us not forget the 10 year run that this group had after the dot com bubble in 2000. Gold was under $300 and silver traded at $5 an ounce. We know what happened next. History has a way of repeating itself and I believe that over the next few years as the air is let out of the 9 year bull run in stocks, this group is setting up very very nicely. Happy trading!
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