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on my next leveraged long (thread)
i will be focussing on #silver and #silver majors miners - going all-in with call options (no spreads, i need unlimited upside)
timeframe to get in: within 2-7 weeks
i will be focussing on #silver and #silver majors miners - going all-in with call options (no spreads, i need unlimited upside)
timeframe to get in: within 2-7 weeks
#silver just had an EW wave 3.
after this correction, we should get the most powerfull advance, a wave 5. These can take very long, as they subdivide in another 5 waves
conclusion: around 40% in SLV calls
after this correction, we should get the most powerfull advance, a wave 5. These can take very long, as they subdivide in another 5 waves
conclusion: around 40% in SLV calls
next #silver targets will depend on this correction and can be set after we have a low in place (evolving dynamics)
if we take 21 (also retest of the 2016 highs) for now to work with, my targets are $42 to $55
if we take 21 (also retest of the 2016 highs) for now to work with, my targets are $42 to $55
next will be 60% #silver majors, or the "WARREN" effect.
i suspect funds to start frontrunning majors, $gdx, $gdxj, but also bigger $silver majors.
an extreme #silver move, will finally break free the majors.
i suspect funds to start frontrunning majors, $gdx, $gdxj, but also bigger $silver majors.
an extreme #silver move, will finally break free the majors.
i will go for 4 nyse fund favourites
CHAP:
C Coeur
H Hecla
A First Majestic
P Paas
each 15-20% allocated in calls.
CHAP:
C Coeur
H Hecla
A First Majestic
P Paas
each 15-20% allocated in calls.
First one, $AG First Majestic
finally that LT resistance will break
i suspect $AG to reach $40 by spring 2021
finally that LT resistance will break
i suspect $AG to reach $40 by spring 2021
Second $CDE Coeur
same setup. once that 30y line gives away, we will reach $38 faster than anybody might think
same setup. once that 30y line gives away, we will reach $38 faster than anybody might think
