TSXV index rises over 86% in 1 year

The rise in the TSXV index of over 86% over the past 1 year has been incredible, with the TSXV index closing at 1067.44 on Feb 12th, 2021.  This in line with the rally across nearly all indexes at this point, as we continue with this insane bull run and the persistent expansionary monetary policies. While indexes like the S&P 500 have not seen anywhere near this high a return, this is definitely a much percentage higher return than is typical on this exchange and is surely attracting attention of the many investors that left money on the sidelines.

From a technical analysis point of view, it is a pivotal moment. There appears to be some form of resistance, and breaching the resistance line will absolutely mean a breakout! There are also signs of a support, but the resistance line does prove to be important in the bulls vs bears battle.

Gold on the other hand has seen support in the high $1,700s / low $1,800s.

Silver meanwhile has been maintaining the upward channel, coinciding with the rise in the TSXV index.

Capitalize on this movement in the index by buying stocks within the index that can outperform. Other Canadian small cap indexes such as the CSE are also on a similar trend, so identifying the right stocks in either exchange is worthwhile. The addition of small caps can add diversification to your portfolio. A look at any of our reports will show every stock we have covered has experienced a rise since the initial report.

A great way to capture these gains is on a stock we are bullish on: Etruscus Resources (CSE:ETR). The company recently completed grab samples showing 7,013 g/t Ag, 12.7 g/t Au, 3.9% zinc, 2.4% lead, and 0.2% copper. The stock is a trading at 35 c a share, and is the cheapest in the Golden Triangle by market capitalization. Based on our analysis, we believe it is worth over $1 a share today, and remains very cheap.