FVI, Fortuna Silver Mines

fvi feb 2012

Fortuna just would not go down as expected. It has now spent 10 months going nowhere. The pattern, however , has become clearer. There is either a triangle up here , or a series of 4-5’s, either way the stock should soon drop to about $3.50 (wave 4 of 3 and 62%). This does not bode well for the precious metals as a whole.