$ProShares Ultra Silver(AGQ)$ Not going to write ✍️ much for this... My last article on AGQ and silver still stands... Obviously, given the nature of this ETF, if silver price stagnant and improves gradually, not to mention moving down, AGQ would suffer from time decay effects and the price would go lower. I believe silver price has bottomed. Gold found its support around $4000, silver at $55. From a chart prospective, it's currently in uptrend with its near term support at $64.5. Remember that in one of my past articles, I had fixed a near term target of $68.8. AGQ, likewise hits a bottom near $57.65. $78.70 was my first checkpoint (which has now overcome). We are still shooting for $100. It appears that this target is still intact... Obviou
$SVM 20261016 12.5 CALL$ Winning is losing... losing is winning... how you interpret these trades is up to you... Obviously, I had sold a call option early. That simply implied missing out on making more money when the share price of its principal moves up. At the same time, I have bought a call option at an appropriate time. Although there's some way to go before its price target is hit, given the relatively long runway, it would compensate for the money I missed making. It's still early days. If the share price of their principal continues to go up, and I would have to eventually fulfil the sold call trade (called away) by delivering the principal shares, I would gladly do so. While I would like to continue to hold on to
"This is not the end... it is not the beginning of the end. It is perhaps the end of the beginning..." (Winston Churchill, 10 Nov 1942 While everyone was debating and watching AI and some SpaceX, copper has in the middle of this week hits its ATH (All Time High)! Not a significant event for the retailers. It is one of the many commodities after all. In recent years, some members of this group have another name, known as “critical metals”. In another couple of years, perhaps they could be called “gemstones” for all I know. People who have read my articles would know that I am fan of many of these “gems”, such as copper, silver, gold or platinum. Besides the reasons for the surge, I will shared some copper miners here for interest. Bear with me, I will use more pictures than words for this s
$HAVILAH RESOURCES LTD(HAV.AU)$ Share this mining firm as a test post. Have not really succeed in getting any coins for sharing a company. I will have more detailed write up on the sector in general... just observations to anyone who is keen...
$ProShares Ultra Silver(AGQ)$ i am getting my $79 soon, am I? If so, as mentioned last week, $100 would be my inverted head and shoulders pattern target... just sharing... can't add quick enough... slow and steady wins the race
$ECHOIQ LTD(EIQ.AU)$ It's any time now... EIQ corrected together with the rest... but I am willing to wait. As I had shared a couple of times weeks ago, a FDA announcement is imminent. Even the correction was there, it was not as bad as the rest of the market. People holding it probably are all waiting... The question is who sold? I have no clue to be honest. Borrowers? Weak hands? Speculators? Definitely they are everywhere, especially EIQ share price has been on the year this year... obviously it felt good taking profits off the table rather than holding on to losses when the announcement didn't turn out as expected. Any time now, the risk of both upside and down are there... I have low enough base to be glad. For those who are not yet on the
$INFQ 20260821 10.0 CALL$ I can't be sure, so I am playing both sides. While I benefited from the recent rallies, I am cautious to be caught in a head fake-like breakout. The US indices bounced back rapidly these 2 days with the start-stop US-Iran war. I could never tell what would happen in the coming days, not to mention weeks... Furthermore, US Fed has "forcefully" kept the rate on hold... again. It's not a relief, however the rallies feel like one... obviously, great results and forecast with the like of $Palantir Technologies Inc.(PLTR)$ helps... the problem is that many more outstanding result announcements are deem not good enough with heightened expectations among t
It might be a bullish event but in two days, with the release of a lot more shares (more than existing free float), the flooding of market with more shares is itself a bearish event. Thus, I am neutral for tonight's result release. If the premium is low enough, I am still hoping to buy put option on it... wait and see... I have never got the guess correct for these events, so don't trust my judgement [Tongue] [Facepalm] [Silence] [Chuckle] Then again, being first to vote and comment, will add that a lot more shares are waiting on the sidelines for release into the market. I would think as a middle term, this is negative for the company shares. The flooding of market with a lot more shares would outweigh positive events from the company. Keep eyes 👀 open and be aware what you are buyi
$ProShares Ultra Silver(AGQ)$ It is a risky trade, but I have started anyway... as I had shared a week or so, I have moved back into AGQ. I took some profits earlier when it was flying. I admit that I should probably move totally to cash on hindsight. But hindsight trading is always easy... I didn't move to cash because I was not comfortable with USD, simply that. I had shared many times years ago that I see dedollarisation accelerating with the second coming of Trump, and I am still standing by it. USD and USD based debts are no longer safe... Gold and silver are now my preferred currencies. Although the risk of the raise in interest rates are real with the heightened inflation led by the rising oil price, the
$SOXS2 20260821 5.0 CALL$ Does this carry the mood? Just when we thought the risk on mode is coming back with the temporary US-Iranian ceasefire, with oil prices correcting nicely... one hour, just one hour into US trading hours, all the good vibes come running off... reality strikes with US Fed meeting this week. The US Fed is no longer what it used to be. It appears that the bond market is in control rather than the interest setting Fed. The bond holders are telling the new Fed chair 🪑 that he is but indeed a piece of furniture if he doesn't follow them. Damn if he doesn't follow, condemn if he does! Either way, it appears as a lose-lose situation for him. This $Direxion Dail