Takeaway

The presenter has cashed out of recent profitable long trades in silver equities and is now anticipating a market pullback. He views this expected dip as a new buying opportunity in stocks like CDE, PAAS, and HL, based on a continued bullish outlook for underlying Gold and Silver.

What the presenter said

• The speaker states that silver equity trades initiated at the beginning of August have all reached their targets and were cashed in this week. [00:15]
• Specifically, positions in Coeur d'Alene (CDE), Pan American Silver (PAAS), and Hecla (HL) were bought in early August and sold this week. [00:27, 00:43, 00:58]
• The presenter believes current setups in silver equities suggest a pullback is likely. [01:10]
• This pullback is viewed as an area to re-enter long positions. [01:14]
• The underlying view remains that Gold and Silver are expected to go higher, with Silver having room on the upside. [01:17, 01:20]
• New opportunities are emerging in silver equities and other commodity sectors. [01:32]

Trade ideas

• Instrument: Coeur d'Alene (CDE)

  • Direction: Long
  • Entry: After a pullback to "spots"
  • Target: Not specified
  • Stop: Not specified
  • Horizon: Short-term
  • Conviction: High

• Instrument: Pan American Silver (PAAS)

  • Direction: Long
  • Entry: After a pullback to "spots"
  • Target: Not specified
  • Stop: Not specified
  • Horizon: Short-term
  • Conviction: High

• Instrument: Hecla (HL)

  • Direction: Long
  • Entry: After a pullback to "spots"
  • Target: Not specified
  • Stop: Not specified
  • Horizon: Short-term
  • Conviction: High

Risks and what would invalidate this

• The pullback in silver equities may not occur as expected or may not pull back "properly."