CA - Avino Silver & Gold Mines: Rapid Progress May Instigate Profit Taking

2024-06-03 11:21:31 ET

Summary

• Avino Silver & Gold Mines Ltd. has seen its share price double in three months, but may be vulnerable to profit-taking.
• The company has a positive outlook and the potential for decent profits, even at current commodity prices.
• The author suggests observing the stock's progress for now, with the intention of buying at a lower entry point.

Introduction

My position is that I acquired both physical gold and silver many moons ago and then turned to the precious metals stocks in an attempt to benefit from the leverage that the stocks usually have relative to the underlying commodity. That being my particular mission has led me to forage among some smaller, maybe lesser-known stocks with the view to acquiring a bargain. I am also of the opinion that silver and its associated stocks will outperform the gold sector by the time this bull market completes its journey....

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