RIC, Richmont Mines update

Hamilton

ric july 8 2013

As early as August 2011 we recommended not to “back up the truck” with this stock which, of course, is a polite way of saying sell. Clearly the call was wrong as the stock proceeded to climb another 30 % but this is what risk/reward is all about. Timing the market is impossible they say. That is complete nonsense. Timing the market perfectly is impossible but timing the market using common sense is not. See previous blog.

PS at $1 this may be a buy but that judgement should be based on fundamentals, not EW.

LNR , Linamar , update

Hamilton

lnr july 7 2013

Linamar went further than we expected ($27) but we have no reason to change the analysis. On the contrary as the large B-wave up from $2 to $31 progresses perhaps towards an equality relation ship and the double-to level of 14 years ago. Definitely a sell for anyone that looks at risk/reward. See also previous blog.

Silver , the stuff, update.

Hamilton

Again the usual then, Oct 10, 2012, and now charts;

silver oct 10 2012silver july 7 2013

The old chart on the left suggest a price of $15 is a realistic possibility. We are not that far away from that but the count is getting a little confusing, that is, there are to many possibilities so we would not play it from here un till it reaches a low that is a little closer to that target. It may not get there this round if the count in blue is operational, but it will again later on.

CDE, Coeur D Alene Mines update

Hamilton

Then – Sept 14, 2012 – and now charts, as usual.

cde sept 2012cde july 7 2013

See also the previous blog on this stock. We called for a high of, say, $31, so it got to $32, but in the meantime you have saved yourself  more than 60% of your money by exiting the position. Silver itself, is down from just under $50 to just above $18, a little over 62%. If a new low in the stock occurs it looks to be a buy for a bounce to at least $16. For non perfectionists you can buy it right away. Platinum PPLT also did exactly as predicted, see same blog.