Tuesday, March 28, 2006

Pan American Silver Corp. (NASDAQ : PAAS)

PAAS is one of the few mature silver stocks, famous Bill Gates is known to be the largest single holder (CASCADE INVESTMENT LLC). PAAS is trading around all time highs and technically there is no overhead resistance. The triangle pattern on the daily chart suggests a price objective of 32$. ADX & MACD are looking good, the weekly chart also looks good and I believe that regardless of any short term pullback that may or may not come this stock is headed higher after consolidating for almost two years.


Pan American Silver Corp. (NASDAQ : PAAS) chart

Pan American Silver Corp. (NASDAQ : PAAS) chart

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