$EXK - Simple and Solid EntryThe macro scenario remains challenging, as highlighted in recent analyses. However, this entry is based on key technical factors:
Volume Profile: Highly concentrated over a 378-day analysis in the $3.18 - $3.95 range.
Increasing Volume: Vertical volume has been rising since 01/13/2025.
Heiken Ashi Breakouts: Confirmed on both weekly and monthly charts.
Key Support Levels: Aligned with the 3-month and 1-year simple moving averages.
🚀 A new long-term uptrend?
To mitigate uncertainty, the entry was executed with an average price of $4.73 and an initial stop at $4.00.
EDR trade ideas
Endeavour Silver Corp. - Precious MetalsKey arguments supporting the idea
Gold is currently trading above $2500, reflecting a 36% increase from its low point last October and a 23% rise since the start of the new bull run in late February. However, the market has yet to price-in these astronomical gold price levels with gold mining stocks. We conducted a thorough analysis of the gold mining landscape and came up with a list of the companies that have the most potential in the coming year in our view.
We evaluated gold mining companies based on three pillars: 1) their performance in the past year, 2) production growth expected in 2025, and 3) EBITDA margin going into 2025. With all three in mind, we decided to list the most undervalued stocks and came up with the following list.
Bull Thesis for Gold Miners
A rally in the gold prices has led to margin expansion for many of the players with some of them going into 2025 with a secured EBITDA margin of nearly 90% (for royalty companies), and 60-70% (for those miners with an AISC of less than $800 per ounce).
A rally has fast forwarded many of the projects under construction phase, prompting miners to enjoy the fruitful seasoning with ingredients such as high price, government support and a decrease in interest rates.
While we may be worried that there’s little room left for expansion in the gold pricing, it does little to affect gold miners, who’re willingly secure future gold sales at currently elevated forward prices, ensuring them hefty margins years in advance.
Business Overview
Endeavour Silver is a mid-tier precious metals mining company primarily focused on the production, development, and exploration of silver and gold properties in Mexico. The company operates three high-grade underground silver-gold mines: Guanaceví, Bolañitos, and El Compas. Endeavour Silver is known for its expertise in exploring and developing mineral assets, with a particular emphasis on silver, making it one of the leading silver producers in Mexico.
Endeavour Silver has a growth-oriented strategy that includes expanding its production capacity, optimizing its operations, and advancing its exploration projects, such as the Terronera Project, which is expected to become the company's next cornerstone asset.
The stock has materially declined from the $5 per share observed in July this year, signing a 35% decrease. The responding stock action was probably envigored by the 12% YoY silver production decline, which scared off some investors. It’s however undeniable that such an overreaction has no place in the market. Nonetheless, the consensus estimates points to an 82% increase in gold output next year, which would near the sales of the company to a $0.5 bn mark, that’s near the $0.7 bn market cap of the company today.
Endeavour EXK Macro Short ideaQuite the long-shot macro idea here.
Looks like a H&S; is forming - if so, short from the right shoulder, DCA'ing into the position.
Exit near the bottom of the triangle.
After the price breaks out from the triangle, there could be fireworks to the upside, after a test and retrace.
This is entertainment for me, this is not a serious post. DYOR.
Endeavor Silver is about to blast off!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.
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.
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%.
EXK | Silver LiningEndeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Mexico and Chile. The company explores for gold and silver deposits, and precious metals. The company operates two producing silver-gold mines in Mexico, such as the Guanacevi mine in Durango; and the Bolanitos mine in Guanajuato. It is also advancing two exploration and development projects in Mexico, including the Terronera property in Jalisco; and the Parral properties in Chihuahua. In addition, the company holds interests in three exploration projects in northern Chile comprising the Aida silver project, the Paloma gold project, and the Cerro Marquez copper-molybdenum gold project. The company was formerly known as Endeavour Gold Corp. and changed its name to Endeavour Silver Corp. in September 2004. Endeavour Silver Corp. was incorporated in 1981 and is headquartered in Vancouver, Canada.
Morning Ideas June 29, 2022Good morning traders,
We had more selling yesterday than I expected. It leaves us with a pretty weak low from yesterday, even though the overnight session showed us balance.
I would expect to see at least a head fake lower this morning when the market opens for the regular session. If we are able to take back yesterdays low, we could see the market start to squeeze back towards the heavier volume above (3900)
SILVER MARKET SET UPCommodities are going up. Looking for new investesments looking diversification on different markets.
1. Silver is second raw material that comes out wherever mining is looking for something else.
2. Every electrical company in the world wants the best electical conductor ever.
3. Levels are related with silver price increase.
$EXK Weekly Shark / ABCDLoving the look on all these precious metal charts. Nice double bottom here on EXK on the weekly, at the PCZ of a bullish shark. Could also be interpreted as a bullish dragon, or Bearish bat on the CD leg now.
I think minimum 6.75 looks good historically. The Bat would bring you up to 7.30, and ABCD targets at 8.84 and 10.60 for the full dragon.
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)
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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.
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.
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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.