This has broken out of two downward trends and Powell is about to be dovish with the dollar and let inflation rip again for Biden to get reelected.
I see a VERY ATTRACTIVE options play right now - Endeavor's May Call contract at $2.50 is .20 right now and the O/I is off the charts. $5 is .05 or $5 a call. If silver blasts off like I think then these guys could...
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...
Quite the long-shot macro idea here.
Looks like a H&S; is forming - if so, short from the right shoulder, DCA'ing into the position.
Exit near the bottom of the triangle.
After the price breaks out from the triangle, there could be fireworks to the upside, after a test and retrace.
This is entertainment for me, this is not a serious post. DYOR.
Endeavour Silver is showing signs of a healthy trade set up.
Starter position in the low $3.4 range with a healthy exit target of high $3 range to low $4 range would provide around a 15% return.
additional information on the chart.
Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Mexico and Chile. The company explores for gold and silver deposits, and precious metals. The company operates two producing silver-gold mines in Mexico, such as the Guanacevi mine in...
Good morning traders,
We had more selling yesterday than I expected. It leaves us with a pretty weak low from yesterday, even though the overnight session showed us balance.
I would expect to see at least a head fake lower this morning when the market opens for the regular session. If we are able to take back yesterdays low, we could see the market start to...
Commodities are going up. Looking for new investesments looking diversification on different markets.
1. Silver is second raw material that comes out wherever mining is looking for something else.
2. Every electrical company in the world wants the best electical conductor ever.
3. Levels are related with silver price increase.
Loving the look on all these precious metal charts. Nice double bottom here on EXK on the weekly, at the PCZ of a bullish shark. Could also be interpreted as a bullish dragon, or Bearish bat on the CD leg now.
I think minimum 6.75 looks good historically. The Bat would bring you up to 7.30, and ABCD targets at 8.84 and 10.60 for the full dragon.
$EXK Target 6.85 for 21.02% (47% from here)
Or next add at 3.96 (Support)
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
ONLY ADD at support levels & FIB levels… labeled
I start every position with .5 - 1% of my account and build from there as needed...
$EXK Target 7.59 for 18.59%
Or double position at 5.21
I like the way this one moves... but I guess we will see in slow motion how it moves, ha. GL.
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from...
