Jim Tassoni – Momentum Trading Strategies For Commodities: Gold, Silver, GDX, GDXJ, SIL, Copper, Uranium, Oil and Nat Gas
In this Daily Editorial, we are joined by Jim Tassoni, CEO of Armored Wealth Strategies, for his monthly trader’s perspective. Jim is a momentum trader, and this month’s discussion focuses on the broad commodity rally – from gold and silver’s powerful uptrends to renewed strength in copper and uranium – as well as why energy markets remain laggards.
We cover:
- Precious metals leadership – Gold, silver, and the miners (GDX, GDXJ, SIL) continue to trend higher across all timeframes. Jim discusses how he manages momentum trades through tactical trims and add-backs while staying aligned with the dominant trend.
- Trading through volatility – With the VIX crossing above 19–20, Jim is reducing position sizes, banking partial gains, and waiting for pullbacks to re-enter. He emphasizes risk management and trend discipline as volatility returns.
- Actionable levels in gold and copper – Jim outlines his current playbook: trimming gold near $4,160, reloading around $3,895, and maintaining a bullish bias above $3,510. He’s also long copper from ~$4.94, with a risk line near $4.81 and upside target around $5.26.
- Uranium momentum trade – Long since early May, Jim continues to trail stops higher while trimming into strength as uranium equities remain one of the best-performing segments in the commodity space.
- Energy divergence – While metals rally, oil and natural gas remain weak. Jim stays short crude oil and explains why the lack of catalysts and capital rotation into metals and uranium have left traditional energy behind.
- Market psychology & capital flows – How investor focus and “hot money” rotation are driving performance across sectors, and why discipline and clear exit levels are essential in volatile markets.
Stock & ETF Symbols Mentioned:
GDX, GDXJ, SIL, COPX, GLD, SLV, VIX, WTI, URA
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Investment disclaimer:
This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
HydroGraph is now selling more (shares) in The US than Canada. Americans are waking up to this company, and in the beginning of 2026 it will be listed on The Nasdaq. DT
SLV:GLD weekly
Silver has a lot of upside versus gold from here.
https://schrts.co/zzuZBYyS
SLV:GLD daily
https://schrts.co/ewrTvkWq
Chalk this up to a FWIW.
When HL broke above $7 in August (it actually gapped up in epic fashion), it broke above a downtrend line on the logarithmic chart that had been established since it was listed on the NYSE in 1968. Yes, a 55 year downtrend line. (The manner of the breakout makes sense in light of this.)
That downtrend line also happened to establish a massive 55 year inverted head and shoulders pattern. The price projection from that $7 breakout point is $235. (A 3194% move from the breakout point.)
I would be ok with that.
Also noteworthy about HL, the HL:gold ratio has never really made a higher higher (when looking at peaks spaced 4 or more years apart) since it was listed on the NYSE in 1968. Yes, for 55 years HL has made lower highs vs gold, which is pretty crazy when you think about it.
The peak in HL:gold to watch now is the one made in 2021, IMO. If the ratio manages a legitimate breakout above that peak, it will be truly historic.
If you were a betting man, history says that peak won’t be broken above–we’ve got 55 years of empirical data after all. But what if….
HydroGraph is having a good day, for those who were into this play I hope you stayed. I think this is the time that waiting will pay-off! DT 🫵👍🤣