Silver Stocks Charts, News, Reports and Quotes
Stocks covered in this weekly issue: $AEM, $USAS, $AQA.TO, $EXK, $GRSL.V, $MUX, $NFG.V, $OSK.TO, $SILV, $SKE.TO, $VGCX.TO
The fact silver investors haven’t unwound the great majority of their huge summer buying implies they still expect this silver bull to keep running higher. That makes sense with silver being a tiny global market in a vast deluge of new central-bank liquidity. With lots more capital competing for roughly the same amounts of aboveground silver, great upside potential remains. The better silver miners’ stocks will amplify silver’s gains.
High-grade gold-silver intercepts include 6.36 gpt AuEq over 7.62 m
Thick gold-silver intervals include 0.62 gpt AuEq over 140.21 m
As newsflow slows into year-end, everything is set up for a great 2021, especially for silver.
“We are pleased to enter into this transaction to sell our El Cubo assets to VanGold. They are an ideal fit given the proximity of the Pinguico property to the El Cubo plant. We will become VanGold’s largest shareholder and look forward to supporting the VanGold team as they advance the Pinguico and El Cubo assets through exploration and development to production.”
“We are pleased to have finalized the Cervantes joint venture agreement with Kootenay and look forward to recommencing exploration activities at the project in 2021."
he mining stocks are still trading at fire-sale prices with tax-loss selling, adding some downward pressure. Now is the time to initiated or add to positions as the fundamentals have never been this strong. This may be the last great opportunity.
Gold and Silver finally got some relief this week after roughly 2-months of grinding lower. The bounce off the 50% Fibonacci retracement for gold is encouraging, but that doesn't mean selling into year-end is over. There is always the chance of moving lower; time will tell. Silver's chart is looking better, but we aren't out of the woods yet. I expect gold to trade in a range through year-end. If we assume the rally started at $1,350/oz (in June 2019) or March 2020 ( approx. $1,480/oz.):
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Since our last update on the company's exploration endeavors, the company has released three exploration updates from its Columba and Copalito Projects.
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