"Decade of zero returns" for the stock market = Shortening Bear Market for Commodities Price target = $50 Fractal backbone + Room in technicals for such move. Price target was established in June 2021. Time frame pushed up in anticipation of 2023 bear.
EXK is a junior miner. With fixed expenses in its mining operations for the most part, margins rise dramatically when silver is rising and the opposite is likewise applicable. This is the crux of using junior miners as a means to profit from trending in precious metals. As a penny stock EXK has hieghtened volatility as compared with Barrock Gold or the GLD...
EXK is a silver mining company with operations in USA Canada and Mexcio. On the daily chart, it has been in a falling wedge for more than six months. The earnings report was a 40% beat on earnings and 2% on revenue. Price broke above the wedge one week earlier. The price action has been supported by higher volumes. The Price Momentum Oscillator and Relative...
HL shown on the reliable daiy chart while spot silver is uptrending. demonstrates multiple bullish signs including a cross over the POC line of the volume profile and now the confluence of a 200-50-20 triple convergence coindident with a cross of the long anchored mean VWAP and a gaint ( "gib ass green") engulfing green price candle of 7% magnitude with...
AG is currently in a descending wedge with bullish RSI divergence. Wait for a break of upper trendline for entry, stoploss below last swing low. Will be moving SL to BE when safe to do so.
- Bullish pattern in falling channel (inverted shoulder head) - W bounce in STF - A very long time accumulation - Gold' s power up may trigger silver, too. NOT FINANCIAL ADVICE.
Buy Sep-22-23 5.5 Puts @ 0.05 Limit to Open Buy Sep-22-23 6 Calls @ 0.03 Limit to Open Bought a straddle, with Fed week and a zone of support and resistance, along with TTM Squeeze showing a potential move, both ways can play out here.
In our preceding discussion on silver, we delved into the dynamics of supply and demand, highlighting the deficit in supply compared to demand throughout 2022. In addition to that, we talked about how this opportunity, coupled with some other factors, could present an interesting opportunity to go long silver. Since then, the price of silver rose from around...
First Majestic Silver - NYSE:AG - Risk/Reward Ratio 12 - Positive Divergence - Spring reversal from under ascending triangle - Green circle is the convergence of 200 DSMA, POC & break out from falling wedge. A break & close above $7.10 may be confirmation You could enter here and place your stop as outlined on the chart and be ok with 20% hit in the...
Bounce off of long term trendline. Looking for 9-10$ in coming months. Fibs, EMAs, trendline...etc. Bought Call options
Yeah... Again, this is another stock that's been added to the meme basket. Yes... a Silver Mining/Trading company was added to the Meme stock basket... it didn't make much sense until i saw they added this yesterday and that AG has earnings TOMORROW. The only reason to add things to the meme basket like this is obviously to make meme stocks go down with a helpful...
Please 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. This is follow-up to the idea I posted 3 months ago when I called falling wedge breakout to the upside. XAGUSD is doing really well since and now is heading into strong resistance cluster created by zone 24.15-24.40 and by...
crab harmonic pattern: X=$201.6 A=$0.02 AB=0.61 XA BC=0.38 AB 0.78 BC=$3.76 0.88 BC=$4.68 1.13 BC=$7.97 1.41 BC=$14.7 1.6 BC=$23 0.78 XA=$28 2 BC=$53.4 0.88 XA=$70.5 2.24 BC=$90.2 2.6 BC=$206 1.13 XA=$668 3.6 BC=$1835 1.27 XA=$2474 4.23 BC=$7087 1.41 XA=$8830 1.6 XA=$60087
🥇XAUXAG🥈 heading to strong resistance level. It's confluence of trendlines and 50% fib retracement of the initial impulse breaking the major uptrendline. I expect backtest of it and possible reversal which would be bullish for both metals. Check my other stuff in related ideas. Please like👍, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial...
Please 1st of all click the boost🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. XAGUSD backtested twice the previously broken violet downtrendline (zoom out) and it held as support. Price recently bounced up and now breaking the falling wedge. If the break is successful then we could see price rising to...
One of the bigger green candlesticks we’ve seen on the daily chart for silver in awhile…would not be surprised if this breakout takes us to the $22 measured move target. The 1day 200 ma(in blue) will be waiting in that zone to likely provide resistance. *Not financial advice*
Seeing an Ending Diagonal forming on Silver at the tail end of a 2 year 3-3-5 Expanding Flat correction. Could see upside soon.
I expect more downside in miners if perceived hawkishness from the fed is maintained. Soon though, they'll cave and sacrifice the dollar to do what they think will save the markets, which will lead to an explosion in precious metals. These miners will be the ultimate levered trade on the coming fed pivot so be ready to reverse to long.