Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Silver stock taking the sector higher

Courtesy of Read the Ticker

silver-stock-taking-the-sector-higherAs the US economy begins to show late cycle characteristics like: GDP slowing, higher inflation, higher wage costs, CEO confidence slump. 
Previous Post: Gold Stocks Review

The big players in the market are looking for the next swing off good value lows. This means more money is finding it way into the gold and silver sector, and it is said gold and silver stocks actually lead the metal prices. The cycle below shows prices are ready to move in the months ahead (older chart re posted).

 

Click for popup. Clear your browser cache if image is not showing.

Cycle HUI
 

SSR Mining (SSRM) is a stock the readtheticker.com private (one of the stocks we follow within our RTT Plus service) Wyckoff Campaign blog has been following for a few years. The supply and demand price and volume patterns have made SSRM a perfect Wyckoff logic chart to follow. Quite frankly the Richard Wyckoff trading system should be called the 'Cause and Effect' trading system. SSR Mininh has been doing well. More infomation here via Zacks

Extract .. .."SSR Mining (SSRM) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.14 per share.

This compares to earnings of $0.09 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 64.29%. 

A quarter ago, it was expected that this precious metals mining company would post earnings of $0.06 per share when it actually produced earnings of $0.15, delivering a surprise of 150%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times."…

Charts below is SSRM with RTT tools guiding price action. Chart showing Wyckoff accumulations.

 

Click for popup. Clear your browser cache if image is not showing.

SSRM 1
 

Monthly chart showing good step building.

 

Click for popup. Clear your browser cache if image is not showing.

SSRM 2
 


Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination of Gann AnglesCyclesWyckoff and
Ney logic is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic a wealth of knowledge is available via our RTT Plus membership.

NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote…

 

…"By knowing the exact vibration of each individual stock I am able to determine at what point each will receive support and what point the greatest resistance is to be met"…

William D Gann

..“Bull markets are born on pessimism, grow on scepticism, mature on optimism and die of euphoria.”..

John Templeton

..“If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.”..

Bernard Baruch

Novice Traders trade 5 to 10 times too big. They are taking 5 to 10% risks on a trade they should be taking 1 to 2 percent risks.

Bruce Kovner

.."The financial markets generally are unpredictable. So that one has to have different scenarios… The idea that you can actually predict what's going to happen contradicts my way of looking at the market."..

George Soros

 

 


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!