Pan American Silver Corp. – Up or Down

by JDH on January 6, 2007

The chart of Pan American Silver Corp. is in a downtrend that started on March 30, 2006 when PAA peaked at $32.13.  However, PAA has been trending upwards since June 13, 2006 when PAA traded as low as $17.

We all know that an object can’t travel up and down at the same time.  I prefer to bet on the upside, which is where I believe Pan American will resolve, probably within the next month during silver’s traditionally strong seasonal period.  I’m holding.


{ 0 comments… add one now }