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...
$EXK Target 6.85 for 21.02% (47% from here)
Or next add at 3.96 (Support)
-----
—
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.
—
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...
EXK is playing the Fibonacci game well on the daily and other time frame charts. Patience is key here knowing that silver is inevitably going higher between now and January. If you're holding EXK and waiting for $5 (which is not far off), the rewards will be fruitful, and $7 price range is not far-fetched due to silver's demand. Everything is pointing towards a...
Silver is up roughly +60% since the beginning of July from $18/oz to a current price of over $29/oz. Price has seen strong gains ever since breaking above $21/oz which was the upper level of a long-term consolidation/accumulation range that lasted from 2014 through last month. Last month price peaked right at the $26/oz level which stems from price support seen...
On July 24th, SLV closing over the 2016 August high of $19.71. The next Fibonacci level (.786) is $23.48, then $26.93. On the options market, August calls for $22 was over 7000. Sept $22 calls over 12000. July 23rd, a $24/29 October call spread bought 20k in volume. FOMC meeting is July 30th and expecting jpow to say they are printing more money. Hope you all are...
Short - Term: SHORT GOLD watch at key levels.
Currently using GLL, DZZ, and one other as a medium to short the market.
Considering INVERSE gold miner ETFs for TUES buys. Also watching out for FOMC meeting as well as ECB. WED will be when the rubber meets the road.
* Took profits on all gold mining...
As we are entering a max market cycle with recession indicators growing, expect EXK to be a strong performer at the very beginning of a recession as well as post recession. Central Bank policy will weaken the dollar and inject trillions of Dollars into the economy with an expansion of its balance sheet and increasing inflation would only ignite the price of gold...
