SPX held gains but the real story was precious metals going parabolic. Gold up 2.7%, silver up 5.87% — that's not noise. Here's how I'm grading the day and setting up tomorrow.
Gold and silver didn't just move today — they sent a message. When silver pops 5.87% in a single session and gold adds 2.7% while crude dumps 3.72% and the 10Y yield creeps to 4.487%, that's a flight-to-safety trade colliding with a dollar that won't hold its footing. SPX finishing at +0.46% is almost a distraction.
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Crypto Fear & Greed at 12 (Extreme Fear) with BTC barely moving at +0.04% — that divergence between crypto sentiment and price is something I'm watching, not trading yet. I grade today a B+. Got the metals move right, held my gold position through the rip, and didn't chase the silver spike. What I missed: TXMD — saw it on the scanner pre-market and didn't pull the trigger. That's on me.
Current positions: long gold, long silver (smaller size), long SPX via index — all sitting well. I'm tightening my gold stop up to $4,180 to protect the gain. Tomorrow I'm watching the open on TGE for a flag setup and will not touch PLBL — 366M float momentum plays burn me every time.