Silver Stocks: This Penny Stock Became A Superstar

Aibek Burabayev - INO.com Contributor - Metals


The continued weakness in the silver price offers opportunities to buy silver stocks, which have followed the metal to the downside. This time I selected three of the top silver stocks by their P/E ratio for analysis.

Table 1. Top Silver Stocks By P/E


Image courtesy of finviz.com

Top three companies are:

1. Silvercorp Metals Inc. (NYSE:SVM)
2. Coeur Mining Inc. (NYSE:CDE)
3. Silver Standard Resources Inc. (NASDAQ:SSRI)

Silver started to drop into a long lasting correction a year ago on the 4th of July, 2016. Below is a comparison chart of three stocks and silver itself to show you how they performed relative to each other. Continue reading "Silver Stocks: This Penny Stock Became A Superstar"

Gold & Silver: Time Machine

Aibek Burabayev - INO.com Contributor - Metals


The Time Machine is the dream of many (especially those who bet on sports) and I’m excited to see if we will be able to travel through time shortly as physics scientists confirmed that it is possible. In the meantime, we could profit or at least be prepared for the future using the market’s time machine.

Last week a textbook example of a “Flash Crash” occurred in the silver market when the price dropped almost 2 dollars (10%) within a minute! It’s amazing that gold was untouched by this event creating an arbitrage opportunity as all discrepancies are subject to speculative trading. That’s why I put the silver analysis first this time to show the map for a possible gold move. By the way, it is quite often that silver is the principal instrument for market movement as it has less liquidity and therefore more opportunities for market “gangsters” or “pirates” to attack it.

Chart 1. Silver Daily

Daily Silver Chart
Chart courtesy of tradingview.com

After silver breached the previous major low established last December at the $15.64 mark the map has changed. What was tagged as a first move up turned out to be a tiny countertrend conjunctive move within the small complex correction contoured with the red downtrend. The Flash Crash drop almost reached the downside of the red channel, which could finish that small complex correction. Continue reading "Gold & Silver: Time Machine"

Pendulum Experiment No.3: An Early Victory!

Aibek Burabayev - INO.com Contributor - Metals


In the blink of an eye, we have reached the middle of the year, and it’s time to see how our third Pendulum experiment worked out.

I’ll start with the poll results from 6 months ago that show your bets.

Chart 1. Poll results

INO Poll Results
Graph courtesy of INO.com

The majority of you bet on Silver, and you won as you can see in the chart below. It looks like the Nikkei index is not your star whatsoever. Continue reading "Pendulum Experiment No.3: An Early Victory!"

Stock Analysis From A To Z: Letter "B"

Aibek Burabayev - INO.com Contributor - Metals


In this post I would like to share with you the analysis of the stocks with a name starting with letter “B”. There are more stocks to choose from this time, according to the earlier mentioned filter criteria. Four stocks were shortlisted this time as they have clearer chart structure, but only two stocks reached the “well done” level. I witnessed again and again that U.S. stock market offers a lot of opportunities for investors and traders.

Below is the long list for letter “B”.

Table 1. Selected stocks for letter B

Table 1. Selected stocks for letter B
Image courtesy of finviz.com

Out of 24 filtered stocks I picked only four as they have clear chart structure: BBBY, BGCP, BWA and BYD. BBBY is oversold and has the potential for the long trade setup, but one should wait for the breakout of the multi-month downtrend, and try not to guess the bottom, which is always risky. Others have potential short trade setups. BYD, like BBBY is also not ready and continues upside. As I told you many times before, we shouldn’t be biased. I am neither a Permabear nor a Permabull, however only short setups have appeared recently on the chart radar. Continue reading "Stock Analysis From A To Z: Letter "B""

The Gold Clone: Time's Up

Aibek Burabayev - INO.com Contributor - Metals


Last week time ran out for the clone of the previous consolidation in the gold chart that I posted in April. I’ve updated the chart with a snapshot of the experiment’s result.

Snapshot Of The Experiment’s Results: Good, But Not Ideal

Gold
Chart courtesy of tradingview.com

All experiments are some sort of magic as we have an idea in our mind and try to apply it in the real world through an uncountable series of experiments to reach the desired result. But any result is a step forward to better understand what is going on in the real world. And the many side effects can bring us something genuinely new, especially when the experiment brings you an unexpected result. Continue reading "The Gold Clone: Time's Up"