Welcome To The Golden Minerals HUB On AGORACOM

Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

Free
Message: Soooo

Usually I am not a fan of chart analysis, but the stockcharts.com ratio of ECUXF:$SILVER shows some interesting relationships.

http://stockcharts.com/freecharts/gallery.html?s=ecuxf%3A%24silver

We are at a major test of the ECU price in terms of silver. We are bumping against a bottom ratio of ~0.025 that we have encountered six times in the last two years. The chart appears to indicate minimums in the March-April and October months. The chart also appears to indicate maximums in the June and November months. I will probably sell half of my position if the ratio hits ~0.05 this June.

Another price testing indicator is the ECUXF:$GOLD ratio.

http://stockcharts.com/freecharts/gallery.html?s=ecuxf%3A%24gold

Yhis ratio is testing the 40 week moving average and may go below the average.

Share
New Message
Please login to post a reply