Endeavor Silver is about to blast off!

BATS:EXK   Endeavour Silver Corporation
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 rocket past that was they hit $12 in 2011. August is the next options expiration month, and has some high volume, but not as high as May.

I think buying calls here would be a good choice. If you're concerned then brake up your months from May and August. I expect miners and metals to get pummeled this summer when BOJ announces rate CUTS when they implode. I'd diversify into the dollar or USDJPY or USDCNY at that point cause China will devalue their currency after the BOJ cuts rates to negative (to stay competitive).

THIS ISN'T FINANCIAL ADVICE!! I am making a purchase into these securities as well, so I'm putting my money where my mouth is.
A dynamic has changed now, the market and the FED are disconnected. Powell will probably come out and say that he has to check inflation metrics before cutting, and the market already is pricing in 3 rate cuts this year, even though the odds are plummeting and now the first rate cut is being pushed out to September. I predict that the market will see higher volatility pushing up gold and silver and other inflation barometers - to force the FED's hand. Unfortunately the FED will be forced to raise rates further when inflation's second rally gets going. I don't see volatility tamping down just because Powell won't cut rates fast enough - and until the FED raises rates, volatility will be hard to control...
Another silver idea I came across, this could be a 700%-1,400% gainer

Silver miners are the next bitcoin!

Is great weekend reading that covers all the major players and their potential chess moves. It weighs possible moves and gives you a clear outlook of the market dynamics right now.
Silver hit $30 in China session!! That's $2 or 10% in one night!!

Back on track to $30 with the fakeout out of the way


India's importing of Silver in February went up 250%!!

Will Korea and Japan's Plaza Accord spur a Chinese devaluation? Yes if they actually do it. It won't work for long as the dollar will come roaring back as everyone defaults from hyperinflation. Ultimately I see 250 for the Yen, the Yuan will be 8-10 by the end of the year. This means that the dollar will lose ground before skyrocketing - which'll boost metals and miners to ATH's. But when the dollar comes back because of some deflationary catalyst and dollar shortage, risk assets will lose value cause no one will have enough dollars.
Alright! Now we'll wait for this to bottom before going long. Miners will finally see their true lift off afterwards. I will share some multibagger options play when that happens.

And as always this is NOT financial advice.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.