#SilverCrest (TSXV: $SIL.V) Announces First Drill Hole Results From Las Chispas; Multiple Drill Intercepts of Greater Than 2,000 gpt AgEq*

Point Roberts, WA, Delta BC – August 9, 2016 – Investorideas.com, a global news source and investor resource covering actively traded sectors including mining stocks , issues an updated mining stocks directory for investors following the sector. The directory of publicly traded mining companies includes TSX, OTC, NYSE, NASDAQ, ASX and other global stock exchanges.   

Read this release in full at http://www.investorideas.com/CO/SILV/news/2016/08091.asp

Featured Mining Stock
SilverCrest Metals Inc. (TSX:SIL.V) is a Canadian precious metals exploration company headquartered in Vancouver, BC , that is focused on new discoveries, value-added acquisitions and targeting production in Mexico's historic precious metal districts. The Company is led by a proven management team in all aspects of the precious metal mining sector, including the pioneering of a responsible "phased approach" business model taking projects from discovery, finance, on time and on budget construction, and production with subsequent increased value to shareholders.

I generally avoid buying calls or puts just days ahead of earnings. Often there is a hefty premium in these options contracts that does not give you a good risk vs reward for making a profit. However, that is not the case in my humble opinion on NVIDIA Corporation (NASDAQ:NVDA). This stock has sharp pull back written all over it going into earnings on Thursday, August 11th, 2016, after the stock market closes. The semiconductor company is expected to report earnings of $0.37 on revenue of $1.35 billion. 1. Since their last earnings report on May 12th, 2016, Nvidia has soared from $35.75 to a high today of $59.14. That is a whopping gain of 65.5% in just three months (one quarter). While insane, this alone is not a good enough reason to buy puts going into earnings. 2. The monthly and weekly charts both have time counts. 

U.S. Steel is falling today. This stock has had a meteoric rise but every day the chart signals bigger and bigger bearish signals. There may get a long term top in U.S. Steel. In the near term, the downside target is $23.00. Below are the reasons.

1. Lower Highs

U.S. Steel has just confirmed a lower high pattern. A lower high occurs simply when a major pivot high sees a pull back, then the following bounce up does not take out the recent major pivot high. This has happened.

Bristol-Myers Squibb Co (NYSE:BMY) has taken an absurd beating over the last two trading days. What does this mean for smart investors? Possibly a great buying opportunity! That is what I am seeing based on the technical chart analysis I have done. The stock fell off a cliff after one of their biggest, most important drug studies failed to reach its endpoint. The stock collapsed from $75.25 to $60.00 in two trading days.

Today, the stock is signaling a buy off the $60 key support level. Not only was this even number tagged but on the chart there was a key gap fill going back to February 2016. A bounce is likely off this level back to $68.00. This bounce should take approximately 2-4 weeks to play out.