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Created on: 12/5/2019 5:11:41 PM Last Update: 12/7/2019 2:07:33 PM Posted by: RTT
WARNING: This entry is 565 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
1 POST
Silver stock taking the sector higher
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 As 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.
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 Mining has been doing well. More information 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.
Monthly chart showing good step building.
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Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.
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...
...“After spending many years in Wall Street and after making and losing millions of dollars, I want to tell you this: It never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!”...
Jesse Livermore
.."Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception"..
George Soros
..“Successful speculation requires staying on top of changes in industries and companies that either create new industries or improve on existing industries. The majority of your profits will come from these two … The shrewdest traders throughout history all adapted the skill of reactionary change, as the market constantly presents new and different opportunities.”..
Bernard Baruch
.."Money couldn't buy friends, but you got a better class of enemy"..
Spike Milligan
..The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell"..
John Templeton
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We at readtheticker.com hold the view that a mix of stock chart technical analysis, Richard Wyckoff, William Gann and Jim Hurst methods plus market fundamentals allows the investor to formulate a very sound market opinion. These attributes are mutually inclusive and must be weighted equally before investing or trading in any Stock, ETF, Currency, Bond, Commodity, CFD or Mutual Fund
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