Fortuna Silver (FVI.v, FVITF)

Submitted By Gary Tanashian

I just did this chart for my pal Otto and his blog. Thought I'd throw it up here as well. Otto is highly bullish on FVI for fundamental reasons. I however like the chart. I added to my underwater positions this morning and will hold. Company has some silver production in Peru and a silver/gold property in Mexico and unlike many juniors, no immediate need for cash. I took some profits in JAG, AUY & RGLD (still hold shares in all of them however) and am beginning to recycle into the beat downs, FVI.v first and foremost. Not a recommendation, do your DD... blah blah blah.

PS: Oh look, USO looks like Jed just put his shotgun to it. Down 4.7%. I thought Otto's email line said it best: gary "broken clock" biiwii calls oil right at last



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