Arian Silver Share Discussion Threads

[squirrel888] 29/4/2015 15:36

Ty bikwik.

[bikwik] 29/4/2015 15:12

Hi squirrel, just seen your request. Gotta nip out and do an errand, but i'll be back soon, so will take a look and give you my thoughts.

[squirrel888] 29/4/2015 13:44

Bikwik - O/T - please could you look at CPX - closely related to silver in that their product will go in trillions of devices that also use silver ie. Internet tools etc. a chart would be nice if you have time. Big news. Many thanks in advance.

[bikwik] 28/4/2015 22:08

Thanks Gekks, really appreciate that. Just trying to put some logic on what's going on in the market. It helps me to write about it as well as hopefully inform and enlighten others. I don't get it right all the time but occasionally it drops into place.

[gekks] 28/4/2015 19:53

Bikwik, thank you for your commentary - I've not previously been a believer in charts but recent years contradict this.

[bikwik] 28/4/2015 19:27

Steamrollers just seem to be attracted to tin cans, orange ones particularly.

Anyway, turning to the daily chart of the Silver price. Today has given an MACD buy signal for the first time since the 18th March and before that on the 5th January.

Both of those were significant, the 5th Jan buy signal marked completion of the left hand shoulder of the H & S base I have been banging on about. Silver went from $16.16 to $18.46 in 12 trading days (the top of the head).

The 18th March buy signal marked the start of the right shoulder and Silver went from $15.91 to $17.39 in 6 trading days. Now we have a third buy signal.

Even if we only go up as far as the price did from the 18th March buy signal, that will take us OVER the top of the right shoulder to reach $18.15. If we do as we did from 5th Jan then we are looking at $18.95, which clears the HEAD.

Given that we have now seen three cycles, which is how a head and shoulders basically forms, then we are now due a significant price move, this being clearly to the upside. If the price does see some stalling or a dip back, it shouldn't really get back any lower than $16.00, given the MACD buy signal and the likelihood that the market is now in trending mode.

[charles clore] 28/4/2015 18:05

B if I were you I'd just filter him. He seems to have it in for AGQ quite unjustifiably imho

[irnbru2] 28/4/2015 17:20

Charts show 20p.

Keep selling.

[bikwik] 28/4/2015 16:37

Who's ramping you dipstick, i'm just telling it as it is.....have you not seen the CG interview? You're the one who's....de-ramping!!

[61tom] 28/4/2015 16:10

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[charles clore] 28/4/2015 16:06

B - insanity is not the word!

[irnbru2] 28/4/2015 16:01

Stop your ramping m8, no one is buying it.

[bikwik] 28/4/2015 15:58

What was I saying about insanity? Here is a prime example....known to all of us here as a useless tin can. Tin cans are at risk of being flattened.

[irnbru2] 28/4/2015 15:43

Keep selling, 20p soon.

[bikwik] 28/4/2015 15:14

Silver (and Gold) is having another surge. It has now retraced over 50% of the 21 day decline from $17.50 or so in 2 days.

This is though the third upleg from Friday's low (ie that is the fifth Elliott wave) so a corrective pullback may ensue soon. However, its adding further weight for scope to attack the right shoulder around $17.50 before not too long.

[bikwik] 28/4/2015 15:00

Thanks for the heads up on the video SAF. Mark Child is as good as ever. However, cannot say the same about Juliett Mann. She just does not float my boat. I wonder if she has been given the boot from Proactive or maybe she just floats around. Can't stand the woman, just something about her gives me the creeps! Ugh!

By the way CC, just bought 10k today, continuing to add to my stake. Why is no one else buying....well I think quite a few on this BB have decent stakes already. As to the others, well this company is not widely known enough about yet, despite the various research notes...."blue sky", "on the cusp" etc, and the brilliant interview with Charlie Gibson. After that interview anyone with an ounce of common sense would have thought bloody hell this looks worth a damn good look, and would I am sure have bought some, a few did I think.

But you know what, (god I sound like Simon Cowell...ugh!) it takes time for the message to get across to what is at times the insanity that is the Stock Market!

[sir andrew ffoulkes] 28/4/2015 14:31

Mark Child (of CNR) not just banging on about CNR but funding in general, so worth a watch.

[charles clore] 28/4/2015 14:14

Doesn't anyone find it strange that despite the popularity and obvious merits of this stock, nobody seems interested in buying it?

[bikwik] 28/4/2015 14:03

Starting to buy again. A lot more to come. Just hope we don't start running higher just yet.

[cyberbub] 28/4/2015 14:01

Interesting that there has been a bit of a volume spike on the TSX?

[bikwik] 28/4/2015 09:00

Down 1.6% (offer bought back a penny) on the back of a sell yesterday at the close. Well, that's all good as far as i'm concerned as we need to see a bit of short term price weakness to form the right shoulder of an inverted head & shoulders base. So, if some other muppets gets rid of their stakes in this "gold mine" of a share ahem Silver mine, then that's excellent.

I think if the price were to zoom higher from now that might be unsustainable beyond the very short term. Better to have a bit more underlying support build on the chart to help sustain a breach of the 33p resistance area and begin a more sustainable rise. By then Silver may be clearing the $17.50 resistance en-route to $18.50 and above.

We may get an RNS or two with results from the current drilling campaign ahead of, at, or just after the 13th May AGM.

Sit tight and hold on to your hats!

[bikwik] 27/4/2015 17:56

free stock charts from uk.advfn.com

[bikwik] 27/4/2015 16:48

The turquoise line is Silver effectively, where hopefully you can all spot the head and shoulders. Todays rise, which may or may not keep going in a straight line (probably not without some consolidation) appears to suggest that the latest slide from the top of the right shoulder of around $17.50 is corrective.

Underneath the chart of Fresnillo (silver miner in Mexico just like Arian Silver) reflects the zig zag trend of the Silver price. A head and shoulders type of pattern is also evident, though not as nicely formed as you can see by the deeper 2 month decline starting mid to late January.

However, the similarity is clear as one would tend to expect from a major.
Since the low in Mid-March Fresnillo appears to be forming a smaller H & S pattern with the right shoulder now underway. So we are getting near to the end game.

Also, given the false downward break of the Nov-Dec lows in Fresnillo, ie bouncing back over 680p-690p, then a test of the higher side of that range is often the result. In this case the top of that range could either be construed as the 820p region or the 940p region. Whichever it is it strongly implies that the price of silver will also be travelling in that direction. The chart of Silver of course implies that anyway, so one appears to confirm the other.

Finally, given the changing sentiment in Arian Silver, and its chart pattern which now strongly implies it has based, then there will be a very positive background in Silver and Silver shares generally which will do no harm at all to Arian Silver.

[bikwik] 27/4/2015 16:28

Chart of Silver (Silver ETFS) and Fresnillo for added perspective.


free stock charts from uk.advfn.com

[bikwik] 27/4/2015 15:59

With Silver having just risen very quickly, i'm just alerting people to what I think is transpiring. I posted some charts on the 22nd April with commentary (40208).

This is part of that commentary...... "So, in my humble opinion I think Silver's current weakness is only very temporary. The neckline near $15.30 may or may not be breached before the price embarks on a substantial rise which clears the right shoulder of the pattern at $17.45-50 (for actual Silver) before having a crack at and, most probably through, the head at $18.50".

Of course the Silver price needs to (a) either keep going up or (b) consolidate OVER the recent lows near $15.70 (and ideally over $16.00) before it cracks the right shoulder and then have a crack at the head around $18.50.

Still the "head and shoulders base" appears to be panning out so far.