Wednesday, July 24, 2024

A quick silver trade idea

this one already popped, but it’s still got room to run
 
   
     

In case you didn’t know, I’ve been on vacation in Colorado the past few days.

So I’m going to keep this one short.

It’s a simple trade idea based on the fact that silver — just like gold — has been surging this year.

And right alongside those precious metals gains, their respective miners are surging along with them.

I think silver miner Endeavour Silver Corp (EXK) is a particularly good play.

The day after I recommended it in my FREE Telegram channel, it surged 10%… So I quite like this trade so far!

And while you can’t get into the option at the price that I recommended back on May 16th, it’s still got some room to run.

 
 

If you look at an options chain for EXK, you’ll see that the Nov 15, 2024 $2.50 strike option I recommended is now trading around $2.15…

But for less than 10¢ more you could consider the Feb 21, 2025 option at the same strike to get 3 more months of time.

Enjoy! And as always, remember — never trade with money you can’t afford to lose.

— Geof Smith

P.S. I believe the Uranium boom is hitting its next leg up. But it’s not just a buy and hold play. You need the right strategy to tap into this one. And this “two step” method is what I plan to use.

 
   
 

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