Silver & Seeker Issue #43: Metals Rangebound, Tax-Loss Selling & Opportunity

Gold and Silver continue to trade in a range, with gold holding unable to break the $1,850/oz. resistance level while support looks strong around the $1,770/oz. I would expect gold to be rangebound the year, trading between $1,780-$1,850/oz. The 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. While prices are certainly a lot higher relative to March of this year, quality mining stocks, especially junior exploration companies are trading at extremely lucrative prices.  

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$ABRA.V, $AGI, $USAS, $AG, $GBR.V, $GRSL.V, $KL, $LUN.TO, $NEM, $NEE.V, $ODV.V, $VGCX.TO, $WDO.TO, $WPM

AbraPlata: Reported additional high-grade silver, gold, and copper mineralization, including its best intercept to date at the Oculto deposit at its Diablillos project in Argentina. Highlights include:

  • 83m @ 289 g/t Ag and 1.45 g/t Au
    • Including 60m @ 287 g/t Ag and 1.87 g/t Au
    • Including 6m @ 648 g/t Ag and 0.44 g/t Au
    • Including 6m @ 735 g/t Ag and 2.42 g/t Au
  • 5m @ 98 g/t Ag and 4.16 g/t Au
  • 2m @ 55 g/t Ag and 5.29 g/t Au

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