originally published Sunday, April 16, 2023

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All Gold & Silver Stocks

This has worked out nicely for us as it has done exactly what was expected in the last update on it posted on the 19th March, when we observed that it had just broken out of a Head-and-Shoulders bottom and was poised to accelerate to the upside – that it has done, gaining over 48% in less than a month. The purpose of this update is to point out that it is now extremely overbought and closing on a target at last year’s high at C$0.60. So it is considered prudent to TAKE PROFITS IMMEDIATELY into strength while it still exists as when these juniors rise a lot it often tempts management to weigh in and soak the market with a heavy funding. I have no information that this is the case here, but it is believed to be a growing risk. If it continues higher after we sell it doesn’t matter because there are plenty of other good stocks to relocate the proceeds into that are nowhere near as overbought that we will be looking at shortly.

Arizona Silver Exploration website

Arizona Silver Exploration Inc., AZS.V, AZASF on OTC, closed at C$0.55, $0.413 on 14th April 23. The stock trades in reasonable volumes on the US OTC market.

Posted at 6.00 pm EDT on 16th April 23.

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 or securities 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 technical analyst, Clive Maund is not a Registered Investment Advisor or Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks cannot be construed as a recommendation or solicitation to buy and sell securities.