Up to 4 overnight trades every week? You’ve got to see this!
Metals Whipsawed Yesterday — Here’s the Simple Way to Read It
and Why We’re Not Spooked
Yesterday’s chart gave gold and silver traders a jolt: a big red “shock” candle that was the largest since March.
On air, Geof Smith pointed out the size of that swing and set it against the broader backdrop: when yields drift down, gold and silver usually firm, and copper was still green on the day even as precious metals slumped.
He also reminded viewers we’re working toward an October 17 options window on SLV and that getting back toward $43 is the key waypoint. (Receipts: 00:18:28–00:18:59; 00:19:39–00:20:07; 00:20:31–00:20:52.)
That was yesterday. Today, metals are bouncing higher.
Geof’s view this morning: when gold tags a fresh high, it often cools off briefly before making its next decision. In other words, yesterday’s drop didn’t change the bigger message. It was the kind of shakeout you expect near highs, not the start of a brand-new trend.
How we’re handling it, in plain terms:
- We keep position size sensible and avoid chasing either direction intraday.
- We let daily closes do the talking. If SLV reclaims and holds key levels into the close, the October 17 path is back on schedule; if it doesn’t, we keep powder dry and wait for proof.
- For newer traders, shares of SLV are the simplest tool. If you use options, stick to defined-risk structures (small call spreads) so you know your worst case on day one.
Yesterday’s red candle looked scary on a 5-minute chart. On a calendar, it was a normal pullback near highs.
With today’s bounce, the plan is the same as it was on the show: proof first, small size, and eyes on that Oct 17 window rather than every wiggle.
Click here watch the on-demand replay!
To your prosperity,
The ProsperityPub Team
🎰 Did You Catch This?!
Why Alex closed the PLTR spread early
On yesterday’s show, Alex didn’t wait around for the last dime — he bought back his PLTR weekly spread to capture the majority of the premium and reduce risk.
Read how and why he takes this weekly trade no matter what’s going on in the market.
Grab his quick walk-through here!
We’re catching up to 4 overnight opportunities every week
Overnight market gains dwarfing those of regular day trading hours.
Proof that you stand a lot more to gain when the market is “closed” than when it’s open.
Head over here now to see how we’re doing it!
Quick hits from Friday’s show
- IBM gap-fill → let time work: The IBM call spread moved past the gap target; from here the plan is simple—let theta decay do the heavy lifting into the Oct 17 expiration.
- Live 1-DTE trade (OKLO): Viewers picked the ticker, Alex built a small, next-day call spread live and set a good-to-close target if the gap fills. A clean example of planning exits up front.
- Bonds down, stocks up: Mortgage-rate chatter didn’t stop the tape—indices flipped green intraday. Lesson for laymen: the close matters more than the first headline.
- HOOD & COIN scans: Watch list names tied to flow and, for COIN, bitcoin’s tone; idea is to let daily charts confirm before sizing up.
- “Credit-Spread Wednesday” cadence: Weekly education + small income setups mid-week; if you want a steadier lane, this is the session to catch.
- CROX follow-through: After the earlier pop, the stock held firm—same rule of thumb: don’t chase spikes, wait for closes that hold.
