Time To Accumulate Mining Stocks?

Mining stocks, along with Gold & Silver have been on a downward spiral lately and the reason I have not touched them is that there was no pattern to trade. Lately I have been watching the sector and one silver stock stands out having a decent Head & Shoulders bottom although slanting downwards. As shown below CDE is completing a 3-months H&S bottom with neckline at 14.64. A decisive close above the neck would trigger a possible target of 17.60. Check out this interesting link on mining stocks http://www.investortalkroom.com/silver-stocks-to-buy-this-week/

silver, cde, mining, Coeur

CDE Daily


One Comment on “Time To Accumulate Mining Stocks?”

  1. […] follow gold prices. Gold Miners ETF (GDX) is down around 50% YTD. A couple of gold miners such as CDE had decent patterns indicating a low was in place but failed. Yesterday GDX rocketed 5%, so I […]

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