LONG GOLD, SHORT OIL TRADE SINCE LAST SPRING STILL WORKING, AND SO IS THAT VOLMEGEDDEN CALL!!
Remember, GOLD & SILVER are not bearish, but the ETFs will be wild to play & option spreads will be dangerous - AS WARNED:
Metals Squeeze →Funding Stress → Rotation To USD
Let’s talk about your dollar & precious metal trades…
SPX & QQQ crashing AS WARNED - with falling oil & yields & USDJPY ... is testimony... RISK HAPPENS FAST
Do you remember the VOLMEGEDDEN PUTS I HIGHLIGHTED SEPTEMBER 29TH?
VIX IS SURGING 32% into 21.83 target I gave, and yet...
Remember when I said VVIX above 113.74 on wkly is uber dangerous? We are exactly there.
SO ALL THOSE WHO JUST WENT BLINDLY INTO AI MANIA, MISSED THE REAL BUBBLE: METALS
This gold/silver squeeze is not your AI-mania kinda squeeze, but a structurally important layer in a central bank reserve asset that has implications on global settlement of trade & risk parity in purchasing power - not just a hedge on inflation & fiscal profligacy.
Maybe ya’ll are looking at the wrong bubble.
Or, they want you to look/fund the AI bubble so you miss this massive rotation underway in a physical asset that has a very strategic role in global cost of money...
SO NOW YOU KNOW WHY I’VE BEEN “MACRO BEARISH.
Stay safe - better safe than sorry.