That Timing Was Gold

HOW emphatic was I yesterday in my podcast with Mike of Parallel Systems when I said TIME TO PROTECT GOLD & SILVER, METALS & MINERS IS NOW...

Lucky or Good: All of the components of GDX & GDXJ are red today - as warned Tues, Wed & Thurs...

As warned:

The Metals Squeeze: The Risk-Reward Asymmetry Is Gone

And as reiterated Wednesday…

As for markets, we definitely got the weakness I warned about Thursday morning in my live trading room INTO Friday.

VIX rejection at monthly resistance 25.20 means market is bullish below, bearish above.
On a daily, we likely see some more chop next few weeks before a further drop in November.

And we likely close today with that nice weekly doji candle I spied beginning of week!

LADUCTRADING.COM ANNOUNCEMENT

I wish you a great weekend but before I go… I am excited to announce we will have a new schedule for live market support moving forward for our LaDucTrading.com members:

Chase Live Huddle Name & Team Change

• My Live Trading Room Hours: 9:15 - 10:45 AM Mon - Thurs

  - until Oct 31st, when I add back the Friday session!!

• Live Huddle AM: 11:00 - 12:30 (Recorded/livestreamed & archived) - ALL MEMBERS WELCOME!!

  • Archna (@archnakj archnas-advanced-options) will lead a community member discussion with Live Trading Room moderator Mike (@Mikey Bot mikes-market-mojo), Contributor Dr Alex (@Alex Kenton kentons-corner-of-biopharma) and Client/Contributor Luke (@Luke Tao)! This session will follow my trading room (@James Foster will send details this weekend/Monday) and will serve to help members position for my market timing calls, sector rotation, and stock selections based on your individual timeframe preference, risk tolerance and option experience. The Huddle Team will also review fellow contributor channels (analysis & trades) as well as SpotGamma & Vol.Land tools.

• Live Huddle PM: 2:30 - 4:00 (not recorded) - ALL MEMBERS WELCOME!!

  • Archna & Luke will lead an open community member discussion on trade results, market sentiment, option flow as well as end-of-day market recap. Ask Us Anything format - less structured but very important to prepare for the next trading day!

With that, I wish you a great weekend and see you Monday!!