This is our second Fortuna Silver TRADE UPDATE. Fortuna’s Silver share price bounced off the Major Support Area as we anticipated and has moved up higher today. We are now firmly IN THE MONEY in the trade and have moved up our stop. So, what’s next for Fortuna’s Share price action?
Smart silver investors now hold more Silver Eagles than the total inventories at the iShares SLV ETF or the COMEX. For the past 36 years, since 1986, investors have been buying every Silver Eagle issued by the U.S. Mint. With over a half-billion Silver Eagles now held by private investors, less than 1%
While the world believes in the fairy tale that technological developments allowed the U.S. to bring on a record amount of shale oil production, there’s a much simpler explanation… a gargantuan amount of water and sand used to frack wells. It’s truly amazing how much water and fracking sand the United States…
In this Metals & Market Update, I go over the short-term charts on the broader markets and precious metals. The Major Indexes are now at a BREAKOUT area where they could move higher over the short term. This would also be bullish for the precious metals. However, Mike Pento, interviewed on Adam Taggart’s Wealthion…
The U.S. Financial System is heading towards an Epic Meltdown. At this time, most financial assets will lose value, even the U.S. Dollar. While the Federal Reserve has been able to prop up the U.S. Economy & Financial System, this isn’t something that can go on for many years. With the U.S. shale oil production on a “Collapse Trajectory…
We decided to add more positions today to our Fortuna Long Trade. I have been watching the price action of Fortuna Silver compared to other silver miners and the SIL Miners ETF. Due to the merger with RoxGold, it seems that Fortuna’s share price has been weaker than its competitors…
Few realize the collapse of ancient civilizations occurred at certain timeframes. While the growth and pinnacle of most civilizations took place over a long period of time, the collapse happened much more suddenly. Many archeologists and historians provide many reasons for the collapse of these civilizations…
The U.S. Shale Oil Industry is in serious trouble as it is not drilling enough wells to keep future production from collapsing. With a near 50% annual decline rate, the shale industry must drill enough wells to offset declines and grow production. And, to make matters even worse, the shale industry is depleting…
We have decided to start a Long Position in Fortuna Silver due to it becoming OVERSOLD and hitting a long-term support level. While we are taking a Long position in Fortuna, we DO NOT believe the lows are in for the silver mining shares. Thus, this will be a short-term long trade…
Why did the iShares SLV ETF add so much silver to its inventories yesterday when the price of silver sold off? The iShares SLV ETF added more silver in one day than the combined 4-week net change of several of the other leading Silver ETFs. Also, why has Sprott’s PSLV ETF valued declined compared to the silver price…