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<p>[QUOTE=&quot;Rono, post: 2401593, member: 6492&quot;]Howdy folks,</p><p><br /></p><p>An update on my momentum play with junior silver miners.&nbsp; As told earlier, I&#039;m playing SVMLF (Silvercorp Metals) with smaller plays with EXK and AG.&nbsp; Here&#039;s their charts vs. the XAU.&nbsp; Er, these are pretty pictures. </p><p><br /></p><p>&nbsp;<a href="http://bigcharts.marketwatch.com/advchart/frames/frames.asp?nosettings=1&amp;symb=svmlf&amp;uf=0&amp;type=64&amp;size=2&amp;sid=0&amp;style=320&amp;freq=1&amp;entitlementtoken=0c33378313484ba9b46b8e24ded87dd6&amp;time=6&amp;rand=9254&amp;compidx=XAU&amp;comp=exk+ag&amp;ma=0&amp;maval=9&amp;lf=1&amp;lf2=0&amp;lf3=0&amp;height=0&amp;width=0&amp;mocktick=1" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://bigcharts.marketwatch.com/advchart/frames/frames.asp?nosettings=1&amp;symb=svmlf&amp;uf=0&amp;type=64&amp;size=2&amp;sid=0&amp;style=320&amp;freq=1&amp;entitlementtoken=0c33378313484ba9b46b8e24ded87dd6&amp;time=6&amp;rand=9254&amp;compidx=XAU&amp;comp=exk+ag&amp;ma=0&amp;maval=9&amp;lf=1&amp;lf2=0&amp;lf3=0&amp;height=0&amp;width=0&amp;mocktick=1" rel="nofollow">http://bigcharts.marketwatch.com/advchart/frames/frames.asp?nosettings=1&amp;symb=svmlf&amp;uf=0&amp;type=64&amp;size=2&amp;sid=0&amp;style=320&amp;freq=1&amp;entitlementtoken=0c33378313484ba9b46b8e24ded87dd6&amp;time=6&amp;rand=9254&amp;compidx=XAU&amp;comp=exk+ag&amp;ma=0&amp;maval=9&amp;lf=1&amp;lf2=0&amp;lf3=0&amp;height=0&amp;width=0&amp;mocktick=1</a></p><p><br /></p><p>Note that last week, I was forced to actually scale back my play in SVMLF because it broke my mental stop loss by pulling back over 10% between Tuesday and Thursday.&nbsp; Hell, wifey and I were headed north early Friday morning, so I had to post an after hours sale around 7:30 a.m. on Friday.&nbsp; Then it was up 5% on Friday, another 1% yesterday and around 10% today.&nbsp; I sold my total original investment (I had rounded second base) so now I&#039;m playing with &#039;house money&#039;.&nbsp;&nbsp; That&#039;s OK.&nbsp; I bought at $0.50, 0.60, 0.63, 0.67 and 0.93 and with it at $1.98 as I write . . .</p><p><br /></p><p>Note that these silver miners are listed at <a href="http://www.kitcosilver.com/equities.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.kitcosilver.com/equities.html" rel="nofollow">http://www.kitcosilver.com/equities.html</a></p><p>but these are serious nosebleed stocks and not for the faint hearted.&nbsp; EXK is up over 23% today alone. </p><p><br /></p><p>Bloomberg TV had a news item this morning about silver entering a bull market. </p><p><br /></p><p>Works for me.</p><p><br /></p><p>and so it goes,</p><p><br /></p><p>peace,</p><p><br /></p><p>rono[/QUOTE]</p><p><br /></p>

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