Another silver stock that I really like and that I have already recommended in the past is Endeavour Silver Corp.. Although Endeavour had some issues in the last couple of months I continue to believe in Bradford Cook and his team. Endeavour was one of the best performing silver stocks in the first half 2016 and should offer massive leverage in a new silver bull market.
Technically the stock as corrected back to the 61.8%-retracement around 2.80 USD and is running into a bullish wedge. With a stop loss at 2.60 USD and a 1st profit target at 5.90 USD this idea has an initial risk/reward ratio of 1:7.
Buy Endeavour Silver Corp. up to 3.20 USD (NSYE: EXK) Place a stop loss at 2.60 USD First profit target 5.90 USD Timeframe 6-12 months Risk/Reward 1:7.7
I'm with you mate. I favored PAAS this time, and buying AU if it gets a bit more washed out.
faronf
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Is it a good time to load up the truck? thoughts?
MidasTouchConsulting
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@faronf, I still like the stock/company and I still see tremendous potential.. the gold & silver rally is not over but might run until next spring besides any short-term correction.. and I see some strong positive divergences in the stochastic. not confirmed the lower lows..
If silver goes to 26 Endeavour will explode
jimjames244
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EXK chart looks primed right now ... i've been long for a while, however. Further to the below, PAAS probably better exposure than something like AG, larger CAp.