Monday, May 16, 2016

Miner Shiners

So far away from me
So far I just can't see
So far away from me
You're so far away from me
--Dire Straits

The recent lift in gold has propelled the mining sector higher--with many names up at least 100% since the beginning of the year. The chart of Pan American Silver (PAAS) demonstrates the strength.

Thus far well defined 'boxes' with high volume spike each time the stock moves to the higher box.

An interesting related tidbit. During its quarterly conference call last week, PAAS management was asked ZERO questions by the investment community. Implication: there is little interest in mining shares by fund managers and analysts despite their big move.

That's bullish on the margin.

position in PAAS

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