Dec. 24 at 4:04 AM
$SLV $AG $EXK $CDE $GLD
On 6/30 I called for
$75 silver in 5-8 months. Sounded stupid back then. Well, we are about to hit it, right on time. However I do need to update this as the chart has developed to
$85 instead of
$75. Still in the same timeframe of 5-8 months from the original post. We will get there, the question is how will it react with all the craziness surrounding silver. Will we blow to
$100? Possibly. I will be dropping options around
$85 and converting to stock and adding insurance to the portfolio via options. Will have to see if another perfect opportunity will present itself for naked calls at that level like I’m currently riding. I do not see us spending long at all at this
$85-100 level before zooming beyond but I do believe we will see some pullback like we did in the
$50 range that will be a good reload zone on options for myself.
