Loading ...CDE, YTD down 40%, but up 40% in past three months and up today 6.45%, under HMY+ 7% and GAU+ 11% on the day. My biggest dog woof woof may finally be waking up.
Its both gold and silver producer, but historically a reputation as Silver only, and when PMs get more popular with out siders, non gold bugs, they tend to flock to Coeur and Hecla, CDE and HL to play silver. So seeing this may be a sign of more outsiders getting interested in Silver and the miners.
Also looks like a clear pennant formation that tend to break out violently up or down. The Virus thing you can see took a very big hit on it, like $8 to $2/sh now $5.25.
Coeur pennant formation: https://finviz.com/quote.ashx?t=cde
Hecla Silver, up wedge formation: https://finviz.com/quote.ashx?t=hl&ty=c&ta=1&p=d
Note, most PMs need higher spot Gold and Silver prices, Gold has done fine but Silver has been tardy, but looks late and ready to start running wild in the streets soon. Also an upper wedge chart.
Silver’s ETF: https://finviz.com/quote.ashx?t=slv&ty=c&ta=1&p=d
Trump killed our early 2016 huge 6 month break out, then we finally got going again, and that STUPID unbelievable virus gave most miners a big unnecessary hit. Just another of so many obstacles.