Gold & silver pull back… plus 1 DTE Options Roulette!
Hey folks,
I’m back at the screens and here’s the quick read.
It feels like a market starved for catalysts. With the government shutdown, a lot of the usual data drip is slowed or paused, and you can see traders second-guessing whether valuations have gotten a little lofty without fresh numbers to lean on.
Metals told the story intraday. We had a “pop and drop” in silver — new all-time high right before the 9:30 Eastern cash open, then steady selling for most of the session.
Gold pulled back with it, helped by headlines around a new peace deal in the Middle East. When tensions ease, some of that safe-haven bid backs off. Late in the day we saw a bit of stabilization, but the key is follow-through into tomorrow.
Chairman and CEO of JPMorgan Chase, Jamie Dimon, didn’t help the mood. His “turmoil over the next year” comments were a wet blanket for risk appetite. Whether you agree or not, a big-bank CEO talking like that keeps dip-buyers cautious.
How I’m handling it:
- Respect the chop. Until we get cleaner catalysts, I’m not forcing trades.
- Let levels do the talking. If gold reclaims its morning breakdown zone on volume, great — otherwise I let it come to me.
- Keep size tight and time frames reasonable. In a news-light tape, ranges can expand out of nowhere.
- Hedge the “what-if.” When I do step in, I like structures that give me two ways to win if we get movement but not direction.
Bigger picture, I still like the foundational themes we’ve been hammering — energy security, power for AI, and the quiet build-out behind the scenes.
Some of the most durable opportunities lately have come from “picks and shovels” angles that don’t need perfect macro economic situation to work.
I went live on Profit Panel break this all down live — what I’m watching in gold/silver, how I’d structure risk in choppy markets, and a couple of “paired” ideas that can travel well no matter which way the next headline swings.
Click here to watch the on-demand replay!
Bring your questions and I’ll show you exactly what I’m stalking and why.
Stay sharp,
— Geof
