Trade idea
gold buying on a perceived bottom
The speaker believes gold has made a bottom and is long gold, indicating a bullish outlook on the commodity. This is based on the observed market behavior and the speaker's assessment of the broader market conditions.
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Strategybuying on a perceived bottom
Assetcommodity
Time horizonshort-term
Entry / triggerconfirmed bottoming action in gold
Invalidation / stopif gold continues to decline below the identified bottom
Speakerspeaker
Risks- Potential for continued decline if the bottoming action is not confirmed
- Market volatility due to external factors like crude oil prices
Trade idea
Gold Long-term holding with periodic adjustments
The speaker is bullish on gold, suggesting that it could move back to the high end of its range. They note that gold has been rangebound and that the current low end of the range may be a good entry point. However, they caution against being overly optimistic and suggest that traders should be prepared to adjust their positions if the market moves against them.
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StrategyLong-term holding with periodic adjustments
AssetCommodity
Time horizonShort to medium term
Entry / triggerGold trading within a range, with a focus on the low end of the range
Target / exitPotential for a move to the high end of the range
Invalidation / stopIf gold drops below the low end of the range, consider reducing position size or exiting
SpeakerSpeaker 1
Risks- Market volatility
- Potential for a reversal in the trend
- Failure to adjust positions in response to changing market conditions
Trade idea
Gold strangle
The speaker is short a strangle on gold with a wide range of 1200 points, but the position has narrowed to 800 points. The speaker needs gold to rally another 100 points to roll down calls or adjust the position. The thesis is that gold prices need to stabilize for the next 30 days to allow for position management, with the expectation that the price will eventually decline to the 2000s. The invalidation is if gold prices do not stabilize or move significantly.
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Strategystrangle
Assetcommodity
ExpirationApril
Time horizon30 days
Entry / triggergold prices stabilize for 30 days
Target / exitroll down calls or close position
Invalidation / stopif gold prices do not stabilize or move significantly
SpeakerSpeaker
Risks- market volatility
- failure to stabilize gold prices
- loss on short position
Trade idea
gold contrarian
The speaker suggests that after a large move in gold, a contrarian approach may be appropriate. They mention selling puts as a strategy, which implies a bullish bias, but also note that the market is volatile and requires careful risk management. The speaker's focus on micro contracts suggests a preference for smaller positions to mitigate risk in such environments.
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Strategycontrarian
Assetcommodity
Time horizonshort-term
Entry / triggerafter a large move in gold
Target / exitnot specified
Invalidation / stopnot specified
Speakerunknown
Risks- large price movements
- volatility
- market direction reversal
Trade idea
gold straddles
Long straddles on gold and silver have been profitable due to market volatility. The strategy works when there is anticipated price movement, and the trader is willing to accept the risk of a stable market. The market maker's need to hedge the trade influences the execution price, which should be close to the midpoint for liquid markets.
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Strategystraddles
Assetcommodity
Time horizonshort-term
Entry / triggermarket volatility or anticipated price movement
Target / exitprofit from price movement
Invalidation / stoploss if price remains stable
SpeakerSteven
Risks- Market remains stable
- Liquidity issues
- Execution price not favorable
Trade idea
gold put selling
The speaker mentions buying back gold puts that were sold the previous day, indicating a short position in gold. The puts were sold when the price was around $7 or $8 lower than the previous day's price, which was up $100. The speaker considers this a 'good trade' and suggests that the position was closed or adjusted. The thesis is that the speaker is short gold, and the trade was based on the expectation that the price would not rise significantly, allowing the puts to be profitable.
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Strategyput selling
Assetcommodity
Time horizonshort-term
Entry / triggerprice at a certain level
Target / exitprice at a lower level
Invalidation / stopprice at a higher level
SpeakerTom Sausnoff
Risks- price increase
- volatility
- time decay
Trade idea
gold buying at 4417-4420 range
The speaker bought gold at 4417-4420, indicating a bullish outlook on gold. The speaker's action is based on the recent price movements and the market's reaction to the moves in gold and silver. The trade idea is to capitalize on the upward trend in gold, with the entry point set at the mentioned range. The speaker's strategy is to participate in the market's short-term movements, as they have made multiple trades in the morning.
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Strategybuying at 4417-4420 range
Assetcommodity
Time horizonshort-term
Entry / triggerprice above 4417-4420 range
Target / exitnot specified
Invalidation / stopnot specified
SpeakerBraard
Risks- Market volatility
- Price reversal
- Execution risk
Trade idea
gold mean reversion
The speaker believes that gold is overbought and may correct from its current level of $4,900. They suggest that the market may be in a state of extreme price, which could lead to a mean reversion. The speaker also mentions that they are short silver and long gold as a hedge, indicating a strategic position based on the relative performance of the two metals.
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Strategymean reversion
Assetcommodity
Time horizonshort-term
Entry / triggergold at $4,900
Target / exitgold at $4,650
Invalidation / stopgold at $5,000
SpeakerScott
Risks- Market conditions can change rapidly
- Opinions are subjective and not guaranteed to be accurate
Trade idea
Gold Strangle
The trader sold 10 delta puts in gold to collect premium, expecting the market to remain within a certain range. The trade was based on historical research indicating that the optimal delta range for premium collection is between 16 and 22. The trader noted that the premium collected was significant, and the trade was part of a broader strategy to manage risk and reward effectively.
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StrategyStrangle
AssetCommodity
Time horizonShort-term, with a focus on premium collection.
Entry / triggerWhen the market is expected to remain within a certain range, based on volatility and market sentiment.
Target / exitCollect premium based on the delta range (10 delta in this case).
Invalidation / stopIf the market moves beyond the expected range, the trade may be invalidated.
SpeakerVince
Risks- Market volatility could lead to losses if the price moves beyond the expected range.
- The trader may need to adjust the position if market conditions change unexpectedly.
Trade idea
gold put selling
The speaker discusses selling puts in gold when the price was down $90, indicating a short position. The idea is to profit from a potential recovery in gold prices. The speaker acknowledges the risk of the market continuing to decline, which would invalidate the trade. The trade was executed based on the market's movement and the speaker's awareness of the opportunity.
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Strategyput selling
Assetcommodity
Time horizonshort-term
Entry / triggergold price drops significantly
Target / exitgold price recovers to a certain level
Invalidation / stopgold price continues to decline beyond expected levels
Speakerspeaker
Risks- Market continues to decline
- Liquidity issues
- Unexpected market volatility
Trade idea
gold selling puts
The speaker mentions being a buyer at higher prices in gold and silver, indicating a long position. They suggest selling puts as a strategy, which allows for a defined risk. The target is set at 4,200, with a stop at 4,000. The speaker also notes that buying gold outright would have been a losing proposition, suggesting that the put-selling strategy is more effective in this context.
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Strategyselling puts
Assetcommodity
Time horizonshort-term
Entry / triggerhigher prices
Target / exit4,200
Invalidation / stopunder 4,000
SpeakerTom Saznoff
Risks- Market volatility
- Potential for large losses if the price drops below the stop level
Q&A
What is the speaker's opinion on the market movement?
The speaker believes the market is moving, and it's a little ugly out there today. He also mentions that gold has been weak and silver has been down.
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Actionable takeawayThe speaker is indicating that the market is volatile and certain assets like gold and silver are underperforming.
Q&A
How do you calculate the gold-to-silver ratio?
The gold-to-silver ratio is calculated by dividing the current price of gold by the price of a silver contract. For example, if gold is priced at $50 and a silver contract is priced at $112, the ratio is approximately 47.
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Actionable takeawayThe ratio is a useful tool for assessing the relative value of gold compared to silver.
Q&A
Does it ever make sense to complement listed gold and silver futures with physical exposure purely as a hedge against exchange intervention rather than market movement?
The speaker argues that it does not make sense to complement futures with physical exposure as a hedge against exchange intervention. The speaker explains that physical gold is not a practical hedge in today's world and that it lacks utility in times of economic collapse. Instead, the speaker suggests that physical gold is not a reliable hedge because it cannot be used for everyday transactions during crises.
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Actionable takeawayPhysical gold is not a practical hedge against exchange intervention or market movement. It lacks utility in times of economic collapse and cannot be used for everyday transactions.
Q&A
Did you trade any Russell?
The speaker did not trade any Russell. They mentioned trading NASDAQ and S&Ps, being long gold, short silver, and short micron. They also mentioned buying Netflix premarket and selling it out.
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Actionable takeawayThe speaker's trading activity includes specific indices and commodities, with a focus on short positions in certain assets.
Q&A
What are the profit targets for scalping on highly volatile days?
The speaker suggests that on highly volatile days, profit targets for scalping on the S&P could range from 10 to 20 points. For commodities like crude oil, the target might be $1, while for gold, it could be $5.
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Actionable takeawayProfit targets for scalping vary based on market conditions and the asset being traded. On highly volatile days, the speaker suggests aiming for 10 to 20 points on the S&P.
Q&A
Is gold a genuine flight to quality rerating or is it a trade that's already run further than any macro study justifies?
The speaker suggests that gold's recent performance may be a bounce rather than a genuine flight to quality, given its significant drop and subsequent recovery.
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Actionable takeawayGold's recent price movement may be a bounce rather than a genuine flight to quality, based on its historical performance.
Q&A
What is the current state of the market?
The market is experiencing significant volatility, with the S&P 500 down 30 points at the opening, rallying to a 15-point decline, and then falling further to a 65-point decline. Other assets like gold, silver, and Bitcoin are also down, while the VIX is up.
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Actionable takeawayThe market is showing signs of fear and uncertainty, with multiple assets declining and the VIX indicating increased volatility.
Q&A
What was the price at which the speaker sold the gold puts?
The speaker sold gold puts at prices ranging from $24 to $34, with the 10 delta puts at around $3,700 and the 3,500 puts at $3,650.
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Actionable takeawayThe speaker sold gold puts at different price points, indicating a strategy of selling puts at various strike prices to manage risk and capitalize on potential price declines.
Q&A
Is there any way to defend a short position in silver other than just tapping out?
The speaker discussed the challenges of hedging a short position in silver, noting that gold only hedged 15-20% of the losses. The speaker also mentioned that they tried to hedge with gold but found it ineffective.
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Actionable takeawayHedging a short position in silver with gold may not be effective, as demonstrated by the speaker's experience.
Q&A
What are the current market conditions?
The markets are showing minimal movement, with the S&P and NASDAQ unchanged. Gold and silver have shown upward movement, with gold up almost five dollars and silver up 89,000. Bitcoin and Ethereum have also seen some movement, with Bitcoin catching a bid and Ethereum rising above $3,000. Bonds are stuck in a range, with the 114s at 11521. The implied volatility (IV) in the bond market is very low.
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Actionable takeawayTraders should be aware of the low volatility in the bond market and the higher volatility in commodities like gold and silver.
Q&A
What is the current price of gold?
The current price of gold is $4,900.
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Actionable takeawayThe speaker mentions that gold is at $4,900.
Q&A
What is the current state of the market?
The speaker discusses the current market conditions, noting that Bitcoin is down 460, oil is down 23, S&P 500 is up 27, gold is up 49, NASDAQ is up 185, silver is up 377, VIX futures are down 23, and cash is down 24. The speaker also mentions Micron's stock is up 21 in change today.
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Actionable takeawayThe market is showing mixed performance with some assets rising and others falling, indicating a volatile environment.
Q&A
What is driving big moves in gold, silver, and crude oil?
The speaker notes that despite the dollar strengthening, gold has reached all-time highs in 2025, challenging the usual inverse relationship between the dollar and gold. This suggests that factors beyond traditional economic indicators are influencing commodity prices, such as geopolitical tensions, inflation expectations, or shifts in monetary policy.
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Actionable takeawayThe speaker suggests that the price movements in commodities like gold, silver, and crude oil are influenced by factors beyond traditional economic indicators, such as geopolitical tensions and inflation expectations.
Q&A
What is the current price of gold?
The current price of gold is $4,600.
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Actionable takeawayGold is currently priced at $4,600, indicating a recent upward movement.
Q&A
Why are Tom and Scott so bearish on gold and silver? Are they in denial?
Eduardo responds that Tom and Scott were bearish on gold and silver during a previous period when silver had a significant run. However, he clarifies that their current positions are short premium on gold and silver, which are working well. He also notes that the positions are not specifically related to gold and silver but are part of a broader market strategy. Eduardo acknowledges that the market could move against their positions, but he believes the current strategy is profitable.
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Actionable takeawayEduardo's current strategy involves short premium on gold and silver, which he believes is working well. However, he acknowledges the risks involved and the potential for market movement against his positions.
Q&A
What is the speaker's position in the S&P and NASDAQ?
The speaker is short S&P futures and NASDAQ options, having covered 10% of their position in the NASDAQ options. They are also short crude oil and gold/silver premium.
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Actionable takeawayThe speaker is managing their positions by covering a portion of their short positions in response to market movements.