EXK FIb - Waiting for next move up for silver
EXK 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.
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.
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