Thread by @TheLastDegree

on my next leveraged long (thread)

i will be focussing on #silver and #silver majors miners - going all-in with call options (no spreads, i need unlimited upside)

timeframe to get in: within 2-7 weeks

#silver just had an EW wave 3.

after this correction, we should get the most powerfull advance, a wave 5. These can take very long, as they subdivide in another 5 waves

conclusion: around 40% in SLV calls

next #silver targets will depend on this correction and can be set after we have a low in place (evolving dynamics)

if we take 21 (also retest of the 2016 highs) for now to work with, my targets are $42 to $55

next will be 60% #silver majors, or the "WARREN" effect.

i suspect funds to start frontrunning majors, $gdx, $gdxj, but also bigger $silver majors.

an extreme #silver move, will finally break free the majors.

i will go for 4 nyse fund favourites

CHAP:

C Coeur
H Hecla
A First Majestic
P Paas

each 15-20% allocated in calls.

First one, $AG First Majestic
finally that LT resistance will break

i suspect $AG to reach $40 by spring 2021

Second $CDE Coeur
same setup. once that 30y line gives away, we will reach $38 faster than anybody might think

$Hecla broke allready this line, and as RobinHood favourite should be in.

$Paas i normally never trade, but this will be the Barrick for Silver. Cash flows will be enormous at $50 silver, so you want to have it in.

DYODD, i'm - almost- ready😉