Jim Tassoni – Momentum Trade Setups in Silver, Equities, Bonds, and Oil
In this episode of the KE Report, we reconnect with Jim Tassoni, CEO of Armor Wealth Strategies, for a comprehensive momentum-focused outlook across key markets – including silver, gold, U.S. equities, bonds, and energy. As an active trader, Jim shares what he’s trading now, where he’s raising stops, and how he’s navigating risk in these markets.
Discussion highlights:
- Silver momentum builds: Entry points in futures and SIL; targeting a potential move to $39–$40.
- Gold stalls: Recent long position and what’s needed for upside continuation.
- Equity market strength: After being “too bearish,” Jim’s now long futures and letting momentum lead.
- Small caps and IWM: Half-sized position with a tight stop—cautiously optimistic.
- Bond positioning: Short TLT, long shorter durations; why he avoids long-term treasuries.
- Crude oil breakout: A recent win trading the spike driven by geopolitical risk.
- Dollar breakdown risk: Holding a profitable USD short unless trend reverses.
- Sell strategy: Why he lets the trend lead and stops manage the exit.
Fed is juicing up the M2 money supply and its trickling down into every asset class. Just run a search how much it went up in last 2 years. Everything is primed to go up – Gold, Silver, Oil, Nasdaq
https://fred.stlouisfed.org/series/M2SL
Yes, it is possible to paper over a bear market to an extent but they can’t stop it in real terms even if they do manage to stop it in nominal (USD) terms (and I doubt that they will). Look at that M2 chart you posted and then overlay the stock market. Aside from the ’22-’23 dip, M2 never stopped rising yet we still had the bear market of 2000-2003 and the crash of 2008. Added to that is the fact that valuations remain ridiculous. For example, on the following graph you can see that the S&P’s price to book value is higher than the previous all-time that happened in March, 2000. And that’s after falling from an even higher print.
https://www.multpl.com/s-p-500-price-to-book
Stocks could definitely make new nominal highs soon but I think the odds are very good that big money will sell into the action aggressively if it happens.
The Nasdaq 100 hasn’t made a new high versus gold since 2021, 43 months ago. In the 10 years prior to that top the longest stretch between new highs was just 24 months. A bull market is only real if it’s beating gold. That goes for any sector. From 1991 to 2000, the Nasdaq 100 went over 40x vs gold and from 2011 to 2021 it went over 8x. Those bulls weren’t in the same league obviously but both were real as both provided substantial real gains.
A great article with some excellent graphs:
https://kingworldnews.com/eurozone-doesnt-have-the-gold-to-meet-their-1001-leveraged-gold-derivatives-contracts/