2/14/14

Silver has leaped out of its flat bottom formation. As the Lone Ranger theme would say ‘with a speeding horse and a cloud of dust!” There may be some backing and filling given the size of the opening gap today but this entire gold and silver metals complex is on a strong bullish move.

While silver itself chopped out a solid bottom for the last couple of months, two silver stocks in particular — PAAS and SSRI — predicted this move starting on their own trending advances in early December. Truly the mining stocks led the commodity this time. More on that later.

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