Hi-Yo Silver, +107% in a Month!


by Steven Sarnoff

Long-tarnished metals miners have been shining in 2016.  Central bank shenanigans are weakening the US dollar and spurring precious metals prices.  Over the short-term, silver may need a pause to refresh.  But the overall character of the behavior of share price movement tells me silver is setting up for a nice long run.

In my Valentine’s Day missive to Options Hotline subscribers, I recommended readers get on-board a silver streamer via a call option on Silver Wheaton Corp. (SLW).  This morning, I sent an Alert to take multiplier profits of +107% in just over a month, with an always known and strictly limited risk!

Let’s take a look at how that trade developed.  As you can see on my weekly candlestick chart of SLW, February saw price break above the negative, debilitating influence of a downtrend line.  That positive price action fortified underlying support (demand) and set the stage for higher prices down the road.


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Is A Wedge Being Driven Into Buyers’ Bliss?


The focus of my studies on markets is to determine which side is stronger (buyers or sellers), along with where and when the balance of power is likely to shift.  We then use my knowledge and judgement based on experience to put the Superleverage power of options to work, helping Options Hotline subscribers stay a step ahead of the crowd as they vie for fun and profit.  Today, I’d like to share my view of the market’s current condition.

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