In case you didn’t know, I’ve been on vacation in Colorado the past few days.
So I’m going to keep this one short.
It’s a simple trade idea based on the fact that silver — just like gold — has been surging this year.
And right alongside those precious metals gains, their respective miners are surging along with them.
I think silver miner Endeavour Silver Corp (EXK) is a particularly good play.
The day after I recommended it in my FREE Telegram channel, it surged 10%… So I quite like this trade so far!
And while you can’t get into the option at the price that I recommended back on May 16th, it’s still got some room to run.
If you look at an options chain for EXK, you’ll see that the Nov 15, 2024 $2.50 strike option I recommended is now trading around $2.15…
But for less than 10¢ more you could consider the Feb 21, 2025 option at the same strike to get 3 more months of time.
Enjoy! And as always, remember — never trade with money you can’t afford to lose.
— Geof Smith
P.S. I believe the Uranium boom is hitting its next leg up. But it’s not just a buy and hold play. You need the right strategy to tap into this one. And this “two step” method is what I plan to use.
