“One overlooked asset just gave me 10 wins in a row. And I believe there’s more where that came from.”
Hey folks,
Two things on my screen today.
First, gold.
We’ve had a good week because we got long. I’m not trying to be a hero on the way up. I’ll let it run, but I’m also not going to be the last guy holding the bag if it snaps.
My plan is simple: trail it and take something when it gives it. If we get a sharp push, I pay myself.
If price rolls, I don’t argue — I tighten the stop and let it take me out.
For silver, I prefer buying dips to chasing rips. If we get a clean pullback into support, I’ll nibble there, not at the highs.
Second, gas prices.
We’ve got refinery headlines out of California — more shutdowns — and that can pinch supply.
If that path continues, I won’t be shocked to see ugly pump prices next year out there.
That doesn’t mean I load the boat today. It means I respect the risk and think in simple terms: if energy pulls back into support, I’ll take a small starter and let the tape prove it.
No need to predict every penny of oil. Let price tell the truth.
What I’m doing today:
- With gold up, I’m trimming into strength and using a trailing stop so a winning trade doesn’t turn into a “could have been.”
- On silver, I’m patient — I’d rather buy a dip than chase a spike.
- On energy, I keep a tiny starter in mind if we get a pullback I can define my risk against. If it doesn’t show, I wait.
Nothing fancy. September can be a swingy month.
I’m keeping size small, taking small wins, and letting the chart do the talking.
If we get clean levels, I act. If not, I’m not forcing it.
Stay sharp,
— Geof
