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…
It seems that after nearly completing its massive head and shoulders pattern, Bitcoin is now on the verge of a dramatic move lower. We are nowhere near capitulation as the prevailing sentiment in the crypto community is still that higher all-time highs are imminent. To change this persuasion, the price needs to move much lower. However, currently the price is at its last major support area… and traders should watch it very carefully.
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…