Expert Clive Maund takes a look at charts from Infinitum Copper Corp., Reyna Gold Corp., and Reyna Silver Corp. to tell you where he thinks these three mining stocks are going.
Infinitum Copper Corp. (INFI.TSV.V),Reyna Gold Corp. (REYG:TSX.V; REYGF; OTCQB), and Reyna Silver Corp. (RSLV:TSX.V; RSNVF:OTCMKTS) l are understood to be owned by entrepreneurial Mexican brothers.
All three of these stocks have been drifting lower for much of this year.
This is largely due to the weakness in metal prices.
Still, with metal prices looking poised to recover, the precious metals in particular and especially silver, there are clear signs of basing action in Reyna Gold and Reyna Silver.
All three look set to break higher into new bull markets.
Infinitum Copper actually rose significantly yesterday despite the broad market being trashed and the sector being taken down due to good drilling results.
The charts below tell the stories…
Reyna Gold Corp. is starting to climb out of a nice Double Bottom base pattern.
Meanwhile, Reyna Silver Corp. looks like it is readying to break out of a Head-and-Shoulders bottom.
And lastly, the recent positive volume pattern and strong Accumulation line suggest that Infinitum Copper Corp. is about to reverse into an uptrend, which is supported by yesterday’s positive drilling results.
You can see more about these companies on the charts below:
Infinitum Copper Corp. (INFI.TSV.V)
Reyna Gold Corp. (REYG:TSX.V; REYGF; OTCQB)
Reyna Silver Corp. (RSLV:TSX.V; RSNVF:OTCMKTS)
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The above represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund’s opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund’s opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.
1) Clive Maund: I, or members of my immediate household or family, own securities of the following companies mentioned in this article: None. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Reyna Gold Corp. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with: Infinitum Copper Corp. Please click here for more information.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.
As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Infinitum Copper Corp., Reyna Gold Corp., and Reyna Silver Corp, companies mentioned in this article.