Silver Stock Taking The Sector Higher

As the US economy begins to show late-cycle characteristics like: GDP slowing, higher inflation, higher wage costs, CEO confidence slump. silver-stock-taking-the-sector-higher

The big players in the market are looking for the next swing off good value lows. This means more money is finding its way into the gold and silver sector, and it is said gold and silver stocks actually lead the metal prices.

The cycle below shows prices are ready to move in the months ahead (older chart reposted).

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SSR Mining (SSRM) is a stock the private (one of the stocks we follow within our RTT Plus service) Wyckoff Campaign blog has been following for a few years. The supply and demand price and volume patterns have made SSRM a perfect Wyckoff logic chart to follow. Quite frankly the Richard Wyckoff trading system should be called the 'Cause and Effect' trading system.

SSR Mining has been doing well. More information here via Zacks

Extract .. .."SSR Mining (SSRM) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.14 per share. 

This compares to earnings of $0.09 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 64.29%. 

A quarter ago, it was expected that this precious metals mining company would post earnings of $0.06 per share when it actually produced earnings of $0.15, delivering a surprise of 150%. 

Over the last four quarters, the company has surpassed consensus EPS estimates four times."...

Charts below are SSRM with RTT tools guiding price action.
Chart showing Wyckoff accumulations.

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Monthly chart showing good step building.

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