The patterns set out below in Gold and Silver are classic continuation patterns into new legs higher in both of these precious metals. Whatever that may mean for other financials, including stocks and Bitcoin, it clearly represents an opportunity for near term calls in both GLD and SLV. Since we have GLD covered in the Premium Service let's add SLV calls in this service for diversification sake. Silver (SLV) It's not clear whether the Wave (5) target will be reached by Jun 21st monthly expiration (43 days), but based on the breakout above the Wave (4) channel, its worth a gamble this early in the expected move higher. SLV Jun 21st Calls Buy Jun 21st $25C around $1.50 or better; Targets: SLV >$31; SLV Jun 21st $25C >$6.00 (4X) Stops: 50% Trailing or SLV close below $24.00 Gold (GLD) GLD Jun 21st $220C In lieu of, or in addition to, SLV Jun calls.
