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.
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