Just started to get up to speed on impact silver after it was suggested I look at it

Impact Silver is one of my favorite Silver mining stocks, and I had followed it for a while, but we all need to thank Matthew for his work pointing out not just the technical strengths, but also the huge Exploration upside that they have with thousands of old artisinal mine workings peppered all over their district scale land package. As always, THANKS Matthew for all that you share with us here at the KER.

In addition, they are one of the smaller Jr Producers that have nice upside leverage to rising Silver prices because of the effect this has on their margins and revenues on a percentage basis.

(IPT) Impact Silver also has some of the highest Silver grades in that sector, like Alexco, Excellon, and Brixton. These high grade smaller Jr Silver stocks are going to make a fortune as Silver prices get up in the $20s…..

I only got positioned in Impact mid way through the 2016 bull run in the Silver stocks, because initially my orders didn’t get filled and this stock just ran away from me, but on one of the pullbacks I decided to the plunge and got in on some of the action. In the second half of 2016 I started swing trading it to lower my cost basis, and went in heavier during tax loss selling season near year’s end. I did trim back some in February, but started adding back in mid March. I still anticipate Impact being one of the better performers in this PM bull market over the next few years.

Wolfster – make sure to check out Matthews IPT chart down below as well. If the metals stay strong it looks poised for a break out.

Thanks Ex…same guy told me to look at gzz at .13 and aug when it was $1

just for marketing ……we need $1300…….

I’m just happy that Gold didn’t sink to $1145 like some thought it would during the low sentiment about a month ago, and that it actually broke through the $1255, $1260, $1265 resistance that so many different technical analysts and pundits had bench-marked. Again, there were very few “experts” calling for higher gold prices, and thus the yellow metal continues to climb a wall of worry and catch most resources investors while they were piling into cash (without resources). A glorious day in the PM space, and a valuable lesson from Mr. Market.

The fact that Gold is up around $1283.60 here in after hours is much stronger than most were anticipating, and it’s unlikely many investors in gold will want to go into this long weekend, with all that’s going on with extreme short positions in Gold or Silver. Hopefully this is working out nicely for those Silver Shorts 😉

http://www.kitco.com/charts/livegold.html

I like Matthew’s chart below……….on GOLD

I had a possible $1145 downside target on gold from a well established pattern, which would reach the same line on my chart as the Dec 2016 $1124 low. That is the BASE line for the bullish move, the absolute bottom possible for it still to be bullish at all.
However I thought a move above another chart line at $1250 would potentially be bullish. We had two short moves to $1263/1264 but they did not hold. I then looked for a move above $1264 and now we have it.
See bottom two charts here:
http://1000gold.blogspot.co.uk/2017/03/1145-gold-target-still-in-play-despite.html
I think the $1145 line is starting to look a long way down now though still not impossible if summer doldrums kick in. I think there is a chance here for there to be a Jim Sinclair style power uptrend move in gold on breaking back into my black pitchfork, essentially a wave 3 up perhaps you might call it.
On the secular bear market question, I think probably this bull market will hold on balance and $1045 was likely the low (I hope!)

sliverbug dave – Thanks for updating us on those targets and I agree that $1045 was the cyclical low and that we are still in the secular Bull market for Gold.

Much appreciated.

Perhaps while I’m being told to start looking at it and the time is soon but not yet my buddy is dipping his toes in..lol….thanks Matthew..appreciate the ta side of things..my skills are rudimentary at best when it comes down to it

Wolfster, when it comes to taking a large position in a junior miner, I look at a lot more than the technicals.
IPT is my favorite silver junior because of its fantastic exploration upside and its competent and conservative management. It is also very nice that the company is cash flow positive and is able to fund most of its activities without issuing new shares.

Thanks again. 👍

that was to Matthew…….I will look at your chart later…EX…… 🙂

OK……nice sign……….. 🙂

I gotcha OOTB and agree Gold has responded well lately.

$1286.60 at present. Since I only posted a sign before, here’s a live spot price chart:

http://www.kitco.com/charts/livegold.html

🙂