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EXK

EXK will run as long as silver moves higher LONGEXK 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.
NYSE:EXKLong
by AwesomeAvani
4
EXK ffalling wedge breakout after silver mining earnings LONGEXK 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 Trend Index indicators provide further documentation of the bullish momentum. I will initiate long trades of shares and call options here. I am targeting 3.5 for 40% upside. I will take off 1/3 of the trade upon reaching 3.0 and convert the stop loss to a trailing 5%.
NYSE:EXKLong
by AwesomeAvani
ADDED $EXK Target 6.85 for 21.02% (47% from here)$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 and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
NYSE:EXKLong
by SPYder_QQQueen_Trading
NEW POSITION $EXK Target 7.59 for 18.59% $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 there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
NYSE:EXKLong
by SPYder_QQQueen_Trading
EXK FIb - Waiting for next move up for silverEXK 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 rise. As CV19 subsides, miners are put into action, Fed keeps printing as they promised yesterday, dollar keeps rising, CV19 starts to abate, inflation keeps rising., inventories in the US are dried up, wholesalers are unable to receive deliver until January or February, etc. ...On every metric silver has nowhere to go but up. Scotia Bank was just fined for manipulation of silver markets so this will spook other banks and make them think twice. The near future is looking very bright and positive and EXK has way more upside than downside. I added to my position today, and will add on any future drops if any. See my other charts for SLV.
NYSE:EXKLong
by Fibonacci43
Silver Testing $30/oz, Jumps +20% In AugustSilver 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 back in 2011 and 2012, and this month price has surged above that level and is now testing $30/oz. The two most recent price candles are yellow which indicates that there is bullish momentum volatility behind price, or extreme trader optimism. Green price candles indicate bullish momentum behind price, purple candles indicate bearish momentum and gray candles indicate no momentum, or neutral. In general, you want to continue holding when the price candles are yellow and add to trades on any pullbacks. The best place to put a stop-loss order is below the first yellow candle which is July's candle, and the bottom of that candle is down near $18/oz(blue line). The reason for this lower stop-loss level is to allow for downside volatility after such a strong and fast move to the upside over the past two months. Once a pullback occurs we would want to see price remain above the blue line at $18/oz, or more ideally, a hold in price above the upper orange line at $26/oz. $26/oz seems like the most likely candidate on any potential pullback considering how strong of a support level it was back in 2011/2012. The Relative Strength Index(RSI) shows the green RSI line rising above the purple signal line which indicates short-term bullish momentum on a monthly basis. The green RSI line is also above the 50 level which is the midpoint of the total RSI range(0-100). In general, price is considered to have bullish momentum when the RSI is above 50 and bearish momentum when below 50. In general during an uptrend, you want to see both the green RSI line and purple signal line both rising and trending above the 50 level. The purple signal line is currently just below 50, but it is slower to react to short-term price movement than the green RSI line. By the looks of it, the purple signal line should be above the 50 level by the end of this month indicating bullish momentum in the intermediate-term. The Price Percent Oscillator(PPO) shows the green PPO line rising above the purple signal line, and both lines are trending above the 0 level. When the green PPO line is rising above the purple signal line it indictes short-term bullish momentum behind price. When both lines are trending above the 0 level it indicates bullish momentum behind price in the intermediate-term. The Average Directional Index(ADX) shows the green directional movement line above the purple directional movement line which indicates a short-term postive trend hind price. When the green directional line is above the purple directional line it is considered bullish for price trend, while the purple directional line above the green directional line is considered bearish for price trend. The histogram behind the two directional lines represents trend strength. When the histogram is green and rising it indicates increasing strength in an uptrend. When the histogram is purple and rising it indicates increasing downtrend strength. This histogram is now rising as of this month and is green which indicates that the current short-term bullish trend in price is gaining strength on a monthly basis. The overall view on silver remains bullish, but price feels like it's getting away from itself these past two months and gaining too much, too fast. With the little resistance price has seen since $20/oz, I'm expecting $30/oz to be a short-term resistance level even if we get an overshoot to $31 or $32/oz. As stated above, likely support will come in around $26/oz on any pullback with lower support from there at the upper orange line of the consolidation range at $21/oz. I sold GDX and GDXJ this week since they were the two biggest laggards in my porfolio. Mining ETF's are safe plays, but tend to underperform individual mining companies during bull markets. I replaced GDX and GDXJ with GORO, IAG, FCX and AUY. I continue to hold GPL, HL, EXK, AG, KGC, MUX, CDE, NGD. Total mining portfolio is up +55% since May with GPL, EXK and HL all up over 100% in that time. "Worst" performer is NGD at +35%.
FX_IDC:XAGUSDLong
by PrepForProfit
DXY - Bull Flag/Ascending TriangleShort - 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 stocks and looking for buy in opportunities according to gold price movement. LONG BTC price movement looks steady and solid as we head towards the 100 day moving average! Long - Term: BULLISH on Facebook and Appian as well as Silver Miners and Royalty Companies: AG, EXK, etc. (Will post more if any interest is shown.) - as well as ETFs- AGQ, USLV Gold Miners: SBSW and several others. RIOT entry at 1.10, 1.00, .90 if BTC CONSOLIDATES, 1.15, 1.20, 1.25 if it continues UPWARD I use this stock as a BTC derivative with an eye on what's going on with mining. n For instance the new Antminer S17 and T17 have a failure rate between 20% and 30%. How will this effect RIOT's bottom line as well as the BTC halving?
TVC:DXY
by pedalsfaster
EXK Strong Junior Silver Miner - Post RecessionAs 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 and silver. EXK is a strong growth stock because it's fundamentals are weaker in terms of its earnings. This meaning that the earning will increase even more rapidly with the growth of the price of gold and silver. I believe if the next financial crisis is just as bad as the last one, we can reasonably expect new highs for the price compared to 2011. Silver is sitting at a very weak ratio with gold, currently at 83.96, in the event of a recession with silver being the "poor mans gold", it sees much greater price increases as history has shown a strong correction to its weak ratio once we have greater demand for safe haven assets. In the short term, interest rate cuts will determine the price of silver thus, shifting positive growth onto silver and gold miners. We may not have hit a current bottom in pricing so there may be better entry points until we have more surety towards zero bound interest rates and below. Until the United States sees more weakness in our economy like the rest of the world, we will see more capital inflows to equities and a delay in a larger breakout from silver and gold. A strong dollar will be crucial to hold up this scenario, a weakening dollar will be necessary for a breakout. (November 2008) Peak 2008 Silver/Gold Ratio = 79.89 (June 2019) Latest Peak Silver/Gold Ratio = 92.23 (October 2019) Silver to Gold Ratio = 83.96 Watch the ratio closely, in the midst of recession and declining unemployment, we will see a sharp decline in the ratio. In 2008, the ratio stagnated because gold and silver plummeted as well with other equities during the worst part of of the 2008 market decline. Due to this history, we can expect the same pattern, that is, a sharp decline in the ratio, followed by stagnation of the ratio, followed by another sharp decline in the ratio where silver will see its greatest performance. Follow the resistance points closely whenever we swing to the upside. EXK will be a fantastic choice in the event of financial crisis. Be sure to watch yields in the market and it is reasonable to expect Silver prices in the $25 to $33 range in the midterm. I plan on holding multiple stops within those regions. We know that the financial problems from the last 30 years have not gone away, they are waiting for the next perfect storm. We will see new, unprecedented actions from the Federal Reserve as well due to their lack of ammunition for the next downturn. Will we see Negative Interest Rates? Longer period of Q.E.? 50 or perhaps even 100 year bond sales? I'll be on the lookout for the new hat tricks. Other Strong Silver and Gold Miners to Watch SSRM - BCEKF (Exploration / Mine Development) - AUY - KL - SVM - DRDGF - SILV Recession Indicators ' 1.) Yield curve - 10 Year / 2 Year Spread fred.stlouisfed.org 2.) Federal Tax Receipts fred.stlouisfed.org 3.) Stock Buybacks www.yardeni.com 4.) Increase in cross commodities correlation 5.) Federal Reserve Basis Points Cuts Cheers, AC
NYSE:EXKLong
by RayleWoodInvestments
1