Home Precious Metals Prices My Favorite Silver Stock Finally Brings An Entry Point – Mike Swanson...

My Favorite Silver Stock Finally Brings An Entry Point – Mike Swanson (01/16/2020)

Aftermath Silver, which trades as AAG on the Vancouver Stock Exchange and as AAGFF on the US OTC, was one of my very best performing stocks for all of last year. I even made it my top stock pick of the month for December.

The stock had a huge run into New Years and went up so much that frankly it simply ran away from people as you can see from the chart.

Now after going over 40 cents a share the stock dipped hard last week along with the price of silver, gold, and other mining stocks. Dips in an entire sector just happen from time to time even when they are in bull markets.

Now shares of Aftermath fell close to 25 cents to bring an oversold reading on its daily stochastics by causing them to go below 20 for the first time since October. It also kissed its 50-day moving average.

I believe this has been a big enough pullback to bring a nice oversold entry point for those that missed the big rally last year. Typically when a stock gets oversold like this it stabilizes, go sideways for a few weeks, and then launches again. You can see in the above chart what happened the last time its daily stochastics fell below 20 at the start of October in the above chart.

Now the stock was trading on the OTC under the ticker symbol FLMZF last year, but that has changed to AAGFF to better match the Canadian listing and as part of a huge graduation on the OTC described in a press release you can read here.

If you are new to the stock my December stock pick profile explains the details. You can find it by going to this post here.

For me silver is not just a play for a week or a month, but for the years to come. I’m a firm believer that we are simply in the process of starting a new commodity bull market that will define this new decade we are in. I talked about the reasons why with Jim Goddard in an interview posted on the site today that you can find by clicking here.

Disclosure: Mike Swanson owns a position in Aftermath Silver. Because it is a small cap stock with less than $100 million in market he is placing himself on a voluntary 30-day trading restriction period from the date of this post in which he will not buy or sell shares of it.