EXK will run as long as silver moves higher LONG
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 ETF. there are other
junior miners. EXK has added 40% to its market cap in two weeks. Until the momentum of spot
silver fades, EXK will continue its momentum. I will add to my long position here and fortify
the call option position as well.
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 ETF. there are other
junior miners. EXK has added 40% to its market cap in two weeks. Until the momentum of spot
silver fades, EXK will continue its momentum. I will add to my long position here and fortify
the call option position as well.
Commentaire:
Price fell with the general market. Added 50% to the position near the close.
Commentaire:
Playing the dip yesterday worked out well. Price rose nicely today. Took 25% off to realize some profits to protect against risk of a reversal while stop silver trades the weekend.
Commentaire:
Prediction algo suggests next week to be consolidation and sideways and the following week another leg higher in a bit of a surge. My plan is to add into the
positions at the low of the week as found on a 120-240 minute chart.
positions at the low of the week as found on a 120-240 minute chart.