Well, my last trade was a bust....I must admit abject failure...should have recognized that this parabolic move gold made was the beginning of a move, not the end of a long period of a rally, I think that is the difference.
Sorry for anyone's mistake in trying to trade this based on my recommendation. I am glad I did not chase it, but stuck with just my original trade.
But now, looking at the silver chart again specifically, I think we are in for an explosive move upwards in this metal in particular very soon. If you look at the monthly, weekly, and daily charts...all of the technicals in these time periods are very strong. And we have broken an important downtrend line and even back tested it as well.
So, I am once again buying silver calls....
Well, one anyways as I am still licking my wounds from this last bad call, lol.
June $20 calls are cheap right now....around 12.5 to 13
I think we could trade up to $18.50 in silver very quickly, as in the next 2-3 weeks. But closer to $25 could be the target by years end.
Good trading to all.
:-)#