May 14 premarket

Gary Savage

0:00 I'm not sure why I have to keep

0:01 I'm not sure why I have to keep

0:01 I'm not sure why I have to keep repeating this over and over. Maybe are

0:03 repeating this over and over. Maybe are

0:03 repeating this over and over. Maybe are you people not reading the reports or

0:06 you people not reading the reports or

0:06 you people not reading the reports or listening to the reports? We're going to

0:08 listening to the reports? We're going to

0:08 listening to the reports? We're going to sell the June calls. Now, I'm I'm

0:11 sell the June calls. Now, I'm I'm

0:11 sell the June calls. Now, I'm I'm assuming

0:12 assuming

0:12 assuming most everybody has

0:16 most everybody has

0:16 most everybody has uh June calls that are in the 70s. I'm

0:18 uh June calls that are in the 70s. I'm

0:18 uh June calls that are in the 70s. I'm using 75 as an average. Some of you

0:21 using 75 as an average. Some of you

0:21 using 75 as an average. Some of you probably have lower. Some of you have

0:22 probably have lower. Some of you have

0:22 probably have lower. Some of you have them maybe a little bit higher. Uh I

0:25 them maybe a little bit higher. Uh I

0:25 them maybe a little bit higher. Uh I already went over this in the reports.

0:26 already went over this in the reports.

0:26 already went over this in the reports. We need SLV to be probably somewhere

0:29 We need SLV to be probably somewhere

0:29 We need SLV to be probably somewhere around 8788

0:32 around 8788

0:32 around 8788 uh dollars for those calls to break even

0:35 uh dollars for those calls to break even

0:35 uh dollars for those calls to break even uh by the June expiration.

0:39 uh by the June expiration.

0:39 uh by the June expiration. Um

0:41 Um

0:41 Um and we're um already pushing 80. So, you

0:46 and we're um already pushing 80. So, you

0:46 and we're um already pushing 80. So, you know, you you've only got to go to here

0:49 know, you you've only got to go to here

0:49 know, you you've only got to go to here um be before this intermediate cycle or

0:52 um be before this intermediate cycle or

0:52 um be before this intermediate cycle or not intermediate daily cycle tops. We're

0:54 not intermediate daily cycle tops. We're

0:54 not intermediate daily cycle tops. We're only on day was it seven or eight. So,

0:57 only on day was it seven or eight. So,

0:57 only on day was it seven or eight. So, we've got we got plenty of time. Even,

1:00 we've got we got plenty of time. Even,

1:00 we've got we got plenty of time. Even, you know, even tagging a resistance zone

1:03 you know, even tagging a resistance zone

1:03 you know, even tagging a resistance zone on silver, it may slow slow down the

1:06 on silver, it may slow slow down the

1:06 on silver, it may slow slow down the rally for a day or two, but then um the

1:08 rally for a day or two, but then um the

1:08 rally for a day or two, but then um the odds are very high it's going to break

1:09 odds are very high it's going to break

1:09 odds are very high it's going to break through that resistance level and go to

1:11 through that resistance level and go to

1:11 through that resistance level and go to the next resistance level. And as I

1:13 the next resistance level. And as I

1:13 the next resistance level. And as I said, that resistance level is um almost

1:18 said, that resistance level is um almost

1:18 said, that resistance level is um almost certainly going to be enough for uh you

1:21 certainly going to be enough for uh you

1:22 certainly going to be enough for uh you know, all of those 70 strike calls to um

1:26 know, all of those 70 strike calls to um

1:26 know, all of those 70 strike calls to um at least break even and and probably

1:28 at least break even and and probably

1:28 at least break even and and probably make some profit. Um and if they can get

1:32 make some profit. Um and if they can get

1:32 make some profit. Um and if they can get there quickly and break through that

1:35 there quickly and break through that

1:35 there quickly and break through that resistance zone, then there isn't much

1:36 resistance zone, then there isn't much

1:36 resistance zone, then there isn't much resistance until you get to the the old

1:38 resistance until you get to the the old

1:38 resistance until you get to the the old highs. So you this could literally go

1:41 highs. So you this could literally go

1:41 highs. So you this could literally go from being down 90% to making a 300%

1:44 from being down 90% to making a 300%

1:44 from being down 90% to making a 300% profit. This is the way options work.

1:48 profit. This is the way options work.

1:48 profit. This is the way options work. So um I I explained in the report that I

1:52 So um I I explained in the report that I

1:52 So um I I explained in the report that I I had gone with a lot more risky trade

1:56 I had gone with a lot more risky trade

1:56 I had gone with a lot more risky trade than what uh everybody else was doing. I

1:58 than what uh everybody else was doing. I

1:58 than what uh everybody else was doing. I didn't choose the June um se you know

2:02 didn't choose the June um se you know

2:02 didn't choose the June um se you know something in the 70 strike zone. I chose

2:06 something in the 70 strike zone. I chose

2:06 something in the 70 strike zone. I chose 100s and 105s. I was making a very risky

2:10 100s and 105s. I was making a very risky

2:10 100s and 105s. I was making a very risky bet that um silver would recover all of

2:16 bet that um silver would recover all of

2:16 bet that um silver would recover all of the intermediate decline uh either in

2:19 the intermediate decline uh either in

2:19 the intermediate decline uh either in the first daily cycle or

2:22 the first daily cycle or

2:22 the first daily cycle or uh pretty quickly in the second daily

2:24 uh pretty quickly in the second daily

2:24 uh pretty quickly in the second daily cycle. Well, it became pretty clear that

2:26 cycle. Well, it became pretty clear that

2:26 cycle. Well, it became pretty clear that that's just not it's just very unlikely

2:29 that's just not it's just very unlikely

2:29 that's just not it's just very unlikely to happen. And so those options were

2:32 to happen. And so those options were

2:32 to happen. And so those options were going to they were going to go to zero.

2:34 going to they were going to go to zero.

2:34 going to they were going to go to zero. Um, and so I just took the huge loss. I

2:38 Um, and so I just took the huge loss. I

2:38 Um, and so I just took the huge loss. I lost about 70ome percent on those

2:41 lost about 70ome percent on those

2:41 lost about 70ome percent on those options and rolled them out to June or I

2:44 options and rolled them out to June or I

2:44 options and rolled them out to June or I mean sorry rolled them out to July. But

2:46 mean sorry rolled them out to July. But

2:46 mean sorry rolled them out to July. But I also lowered the strike. I lowered the

2:48 I also lowered the strike. I lowered the

2:48 I also lowered the strike. I lowered the strike to 80. And that gave me a very

2:51 strike to 80. And that gave me a very

2:51 strike to 80. And that gave me a very good um odds that you know I'm I'm going

2:55 good um odds that you know I'm I'm going

2:55 good um odds that you know I'm I'm going to go in the money. The uh options are

2:58 to go in the money. The uh options are

2:58 to go in the money. The uh options are going to go above $80. They're going to

3:00 going to go above $80. They're going to

3:00 going to go above $80. They're going to do it long before the July expiration.

3:04 do it long before the July expiration.

3:04 do it long before the July expiration. and I'll make back some of my money. May

3:06 and I'll make back some of my money. May

3:06 and I'll make back some of my money. May maybe I'll make all of it back if by

3:09 maybe I'll make all of it back if by

3:09 maybe I'll make all of it back if by July we're we're back up here at the

3:11 July we're we're back up here at the

3:11 July we're we're back up here at the all-time highs, which I think is a

3:13 all-time highs, which I think is a

3:13 all-time highs, which I think is a pretty decent chance. And that's why you

3:15 pretty decent chance. And that's why you

3:15 pretty decent chance. And that's why you you don't really need to roll September.

3:18 you don't really need to roll September.

3:18 you don't really need to roll September. You don't need to do anything with

3:19 You don't need to do anything with

3:19 You don't need to do anything with those. Those things have enough time for

3:21 those. Those things have enough time for

3:21 those. Those things have enough time for for silver to get to $150 to $175. And

3:26 for silver to get to $150 to $175. And

3:26 for silver to get to $150 to $175. And that's what I think a reasonable target

3:27 that's what I think a reasonable target

3:28 that's what I think a reasonable target is for this intermediate cycle. So, you

3:30 is for this intermediate cycle. So, you

3:30 is for this intermediate cycle. So, you don't need to do anything with silvers.

3:31 don't need to do anything with silvers.

3:31 don't need to do anything with silvers. just just be patient and wait for this

3:35 just just be patient and wait for this

3:35 just just be patient and wait for this intermediate cycle to to do its thing,

3:37 intermediate cycle to to do its thing,

3:37 intermediate cycle to to do its thing, which should be mean it's going to make

3:39 which should be mean it's going to make

3:39 which should be mean it's going to make higher highs.

3:41 higher highs.

3:41 higher highs. Um, for me though, um, I I almost, you

3:45 Um, for me though, um, I I almost, you

3:45 Um, for me though, um, I I almost, you know, that the odds were becoming

3:46 know, that the odds were becoming

3:46 know, that the odds were becoming overwhelmingly

3:48 overwhelmingly

3:48 overwhelmingly uh bad that I was not going to get back

3:50 uh bad that I was not going to get back

3:50 uh bad that I was not going to get back above 100 uh on SLV before uh the June

3:55 above 100 uh on SLV before uh the June

3:55 above 100 uh on SLV before uh the June expiration. There probably just wasn't

3:57 expiration. There probably just wasn't

3:57 expiration. There probably just wasn't enough time. So, I I went ahead took the

4:01 enough time. So, I I went ahead took the

4:01 enough time. So, I I went ahead took the huge loss and then rolled it out to to

4:04 huge loss and then rolled it out to to

4:04 huge loss and then rolled it out to to July to try and make make back some of

4:06 July to try and make make back some of

4:06 July to try and make make back some of my uh losses. And and I think I will um

4:11 my uh losses. And and I think I will um

4:11 my uh losses. And and I think I will um I may even make back all of my losses

4:14 I may even make back all of my losses

4:14 I may even make back all of my losses and end up getting back to where I

4:16 and end up getting back to where I

4:16 and end up getting back to where I started from. pro I probably will and I

4:19 started from. pro I probably will and I

4:19 started from. pro I probably will and I I may even actually before this

4:21 I may even actually before this

4:22 I may even actually before this intermediate cycle is over um double my

4:26 intermediate cycle is over um double my

4:26 intermediate cycle is over um double my what I what I started with. Um but I

4:30 what I what I started with. Um but I

4:30 what I what I started with. Um but I just I just chose a really risky trade

4:33 just I just chose a really risky trade

4:33 just I just chose a really risky trade on a on a bet that silver would recover

4:35 on a on a bet that silver would recover

4:35 on a on a bet that silver would recover everything during the first daily cycle

4:38 everything during the first daily cycle

4:38 everything during the first daily cycle uh or early enough in the second daily

4:41 uh or early enough in the second daily

4:41 uh or early enough in the second daily cycle. And that just didn't didn't look

4:42 cycle. And that just didn't didn't look

4:42 cycle. And that just didn't didn't look like it was going to happen. So that's

4:45 like it was going to happen. So that's

4:45 like it was going to happen. So that's why I rolled my position. But my

4:46 why I rolled my position. But my

4:46 why I rolled my position. But my position is is very very different than

4:49 position is is very very different than

4:49 position is is very very different than everybody else's. My strike price was

4:52 everybody else's. My strike price was

4:52 everybody else's. My strike price was way too high. U way too optimistic about

4:55 way too high. U way too optimistic about

4:55 way too high. U way too optimistic about this first daily cycle and probably too

4:59 this first daily cycle and probably too

4:59 this first daily cycle and probably too optimistic about the second daily cycle.

5:01 optimistic about the second daily cycle.

5:01 optimistic about the second daily cycle. But for the rest of you with strikes in

5:03 But for the rest of you with strikes in

5:03 But for the rest of you with strikes in the 70s, assuming um most of you are

5:06 the 70s, assuming um most of you are

5:06 the 70s, assuming um most of you are somewhere around 75, you're going to be

5:09 somewhere around 75, you're going to be

5:09 somewhere around 75, you're going to be okay. You're you're the odds are very

5:12 okay. You're you're the odds are very

5:12 okay. You're you're the odds are very high you're going to at least break

5:13 high you're going to at least break

5:14 high you're going to at least break even. that that we're going to get to,

5:16 even. that that we're going to get to,

5:16 even. that that we're going to get to, you know, that 87ish

5:18 you know, that 87ish

5:18 you know, that 87ish number that you need to break even and

5:21 number that you need to break even and

5:21 number that you need to break even and probably pretty good that that we're

5:23 probably pretty good that that we're

5:23 probably pretty good that that we're going to get up to around 90 or so on

5:27 going to get up to around 90 or so on

5:27 going to get up to around 90 or so on those um those calls. So, you'll you'll

5:30 those um those calls. So, you'll you'll

5:30 those um those calls. So, you'll you'll make some money. You may make, you know,

5:32 make some money. You may make, you know,

5:32 make some money. You may make, you know, you may make as much as 40, 50, maybe

5:36 you may make as much as 40, 50, maybe

5:36 you may make as much as 40, 50, maybe even 100% if we go a little higher than

5:39 even 100% if we go a little higher than

5:39 even 100% if we go a little higher than that before it becomes

5:43 that before it becomes

5:43 that before it becomes time to sell, which is going to be

5:45 time to sell, which is going to be

5:45 time to sell, which is going to be probably somewhere around the first or

5:47 probably somewhere around the first or

5:47 probably somewhere around the first or second week of of June. That's when

5:49 second week of of June. That's when

5:49 second week of of June. That's when we're going to be, you know, getting

5:51 we're going to be, you know, getting

5:52 we're going to be, you know, getting close to that 20 22 to 25 day mark in

5:59 close to that 20 22 to 25 day mark in

5:59 close to that 20 22 to 25 day mark in the gold cycle. And that's where we're

6:01 the gold cycle. And that's where we're

6:01 the gold cycle. And that's where we're at risk of of hitting a daily cycle

6:03 at risk of of hitting a daily cycle

6:03 at risk of of hitting a daily cycle high. So, um, you know, I'll say it

6:07 high. So, um, you know, I'll say it

6:07 high. So, um, you know, I'll say it again, just, you know, pay attention to

6:09 again, just, you know, pay attention to

6:09 again, just, you know, pay attention to what I'm saying. There's no reason to to

6:11 what I'm saying. There's no reason to to

6:11 what I'm saying. There's no reason to to do any of this. There's no reason to

6:13 do any of this. There's no reason to

6:13 do any of this. There's no reason to roll anything. No reason to roll

6:15 roll anything. No reason to roll

6:15 roll anything. No reason to roll September's period. no reason to roll

6:17 September's period. no reason to roll

6:17 September's period. no reason to roll Junes as long as you have uh strikes in

6:20 Junes as long as you have uh strikes in

6:20 Junes as long as you have uh strikes in the 70s until we get into that timing

6:23 the 70s until we get into that timing

6:23 the 70s until we get into that timing band for this daily cycle to top. And

6:25 band for this daily cycle to top. And

6:25 band for this daily cycle to top. And that's not going to be until probably

6:26 that's not going to be until probably

6:26 that's not going to be until probably the first

6:29 the first

6:29 the first week or two of June is when we're going

6:31 week or two of June is when we're going

6:31 week or two of June is when we're going to uh be due for that that top. So, you

6:36 to uh be due for that that top. So, you

6:36 to uh be due for that that top. So, you know, listen to the reports and and

May 14 premarket

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