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ENDEAVOUR SILVER CORPENDEAVOUR SILVER CORPENDEAVOUR SILVER CORP

ENDEAVOUR SILVER CORP

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EDR trade ideas

EXK FIb - Waiting for next move up for silverEXK 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.
NYSE:EXKLong
by Fibonacci43
EXK - Next Week - WatchlistAll, I think this is going up, rather a matter if you want to hold for months or not. I think this week you may see some run, or it turn bearish just due to the run so far. I think overrall though next week or two you will see a big splash once it can beat resistance level. Of course if it goes crazy and gets extra attention/volume this can happen rapidly so I would keep on watchlist, but a buy in would be later once it comes down. Buy in would be above first resistance level AND full candle re test 4H-Daily
NYSE:EXKLong
by DigitalData
Metals Correction is Almost Over. Onto Higher Targets for SilverGold broke out of a 6-year base this year, leading the other metals and commodities. 6-year base breakouts don't just end in 1-month surges. We have higher gold targets following this correction. $1711 and $1834 gold targets in the next 3-5 months. To us, this correction is an accumulation opportunity. When silver rallies to $25, silver miners will have a ton of ground to cover. Some are speculating on a more significant decline in gold prices. We could certainly correct to the low $1400s but it will be a short-lived correction not a new bear trend. Low 1400s is overly optimistic in my opinion. I don't think we'll see below 1434, but if we do, that's just another chance to buy more for cheaper.
NYSE:EXKLong
by Ludwig_Von_Mises
1
EDR.To : Endeavour Silver Corps 11/6/19Hey Silver Bugs! Endeavour Silver Corp ( EDR ) is a Mexico based silver producer listed on the TSX and NYSE stock exchanges, which grew by acquiring past producing properties, proving them up, and bringing them to production. The company started its life as a producer in 2005 when its exploration team discovered the first of seven new orebodies at the Guanacevi mine, only half of which it has mined to date. From there it pursued the same sort of business model with Bolanitos (2007) and El Cuba (2012), although it is having trouble extending mine life at El Cuba now. However, their newest mine, El Compas, achieved commercial production in April. And their latest development project, Terronera, which will boost annual production by a sizable 5.1 million silver equivalent ounces, is in its permitting stages. So, there is growth ahead here too. The bad news is that Endeavour has guided lower on its original 2019 forecast of 8.1 to 9.4 AgEq million ounces for 2019, bringing it down to about 7.4 to 8.2 million AgEq ounces. And the AISC at their Guanacevi and Bolanitos mines is above current silver prices. Plus, we suspect they will report higher costs ahead. The company gets good marks for the productivity of its exploration team. They are good. I know their track record over the decades. It’s a bit controversial because they are also very good promoters. Unfortunately, that’s one negative. They don’t hold back on hype and can be a bit loose with their projections in a bid to finance their ambitions. But they often come through. They’ve got the right address. We love Mexico. Moreover, at a $25 silver price, with the addition of Terronera, a conservative estimate of production of 12 million AgEq ounces at an AISC of $18/oz, would generate a sizable $84 million in pre-tax income. The shares are priced at a 3.7x multiple of that blue sky. And the market hasn't priced in any improvement in operating efficiency, especially at the struggling Guanacevi mine which is processing marginal ore. We like this as a small little junior “producer” with potential sparkle in a silver bull market. Stay ahead of the masses, Seth Maniscalco Founder, Crypto Wealth Coach LLC Owner, Modern Wealth Management LP www.CryptoWealthCoach.com
TSX:EDRLong
by smaniscalco
EXK Strong Junior Silver Miner - Post RecessionAs we are entering a max market cycle with recession indicators growing, expect EXK to be a strong performer at the very beginning of a recession as well as post recession. Central Bank policy will weaken the dollar and inject trillions of Dollars into the economy with an expansion of its balance sheet and increasing inflation would only ignite the price of gold and silver. EXK is a strong growth stock because it's fundamentals are weaker in terms of its earnings. This meaning that the earning will increase even more rapidly with the growth of the price of gold and silver. I believe if the next financial crisis is just as bad as the last one, we can reasonably expect new highs for the price compared to 2011. Silver is sitting at a very weak ratio with gold, currently at 83.96, in the event of a recession with silver being the "poor mans gold", it sees much greater price increases as history has shown a strong correction to its weak ratio once we have greater demand for safe haven assets. In the short term, interest rate cuts will determine the price of silver thus, shifting positive growth onto silver and gold miners. We may not have hit a current bottom in pricing so there may be better entry points until we have more surety towards zero bound interest rates and below. Until the United States sees more weakness in our economy like the rest of the world, we will see more capital inflows to equities and a delay in a larger breakout from silver and gold. A strong dollar will be crucial to hold up this scenario, a weakening dollar will be necessary for a breakout. (November 2008) Peak 2008 Silver/Gold Ratio = 79.89 (June 2019) Latest Peak Silver/Gold Ratio = 92.23 (October 2019) Silver to Gold Ratio = 83.96 Watch the ratio closely, in the midst of recession and declining unemployment, we will see a sharp decline in the ratio. In 2008, the ratio stagnated because gold and silver plummeted as well with other equities during the worst part of of the 2008 market decline. Due to this history, we can expect the same pattern, that is, a sharp decline in the ratio, followed by stagnation of the ratio, followed by another sharp decline in the ratio where silver will see its greatest performance. Follow the resistance points closely whenever we swing to the upside. EXK will be a fantastic choice in the event of financial crisis. Be sure to watch yields in the market and it is reasonable to expect Silver prices in the $25 to $33 range in the midterm. I plan on holding multiple stops within those regions. We know that the financial problems from the last 30 years have not gone away, they are waiting for the next perfect storm. We will see new, unprecedented actions from the Federal Reserve as well due to their lack of ammunition for the next downturn. Will we see Negative Interest Rates? Longer period of Q.E.? 50 or perhaps even 100 year bond sales? I'll be on the lookout for the new hat tricks. Other Strong Silver and Gold Miners to Watch SSRM - BCEKF (Exploration / Mine Development) - AUY - KL - SVM - DRDGF - SILV Recession Indicators ' 1.) Yield curve - 10 Year / 2 Year Spread fred.stlouisfed.org 2.) Federal Tax Receipts fred.stlouisfed.org 3.) Stock Buybacks www.yardeni.com 4.) Increase in cross commodities correlation 5.) Federal Reserve Basis Points Cuts Cheers, AC
NYSE:EXKLong
by RayleWoodInvestments
1
EXK Long ShotDaily EXK is one of the better silver miners from what I’ve read and listened to lately. I thought I was slick getting in at that first daily bottom around $1.90 and cashing out a little over $2…joke’s on me. After the second bottom this one really took off after silver began playing catch up. It’s had a healthy retrace since silver topped out (short term, we hope) and looks to be setting up for another long. Plan: This will be a 4h chart entry unless the retrace continues and price falls below the 50 SMA on the daily. I’m looking for price to close above the 50 SMA and an upward cross of the 9 EMA on the RSI midline (set levels to 50 instead of 80/20). Stop loss will be 1.5x ATR at time of entry. Scroll left a few years and see the potential for this one. Would be great to get in early if we’re truly getting into a PM bull market. Not financial advice. Good luck. Will update when active.
NYSE:EXKLong
by HRoark64
1