Weekend Show – Mike Larson & Rick Bensignor – Navigating the Volatility: Precious Metals, Momentum, Trading Strategies
This Weekend Show dives deep into one of the most volatile stretches for gold and silver in decades. With massive intraday swings and investor sentiment whipsawing, Cory and Shad bring on Mike Larson and Rick Bensignor to dissect what’s really happening – from retail speculation and momentum exhaustion to technical triggers and institutional behavior. Both guests share practical frameworks for investors navigating the chaos, and insights into what comes next for metals, equities, and the broader market.
- Segment 1 & 2 – Mike Larson, Editor in Chief at MoneyShow, joins us to dissect the wild swings in gold and silver. He sees a likely short-to-intermediate consolidation rather than a bull-market top, and lays out how to navigate momentum – separating traders from long-term investors, using risk controls and staged exits, watching key support levels, and tracking the dollar, rates, and policy-driven critical-minerals news.
- Click here to find out about the upcoming MoneyShow conferences – https://www.moneyshow.com/
- Segment 3 & 4 – Rick Bensignor, president of Bensignor Investment Strategies and writer of the institutional newsletter Supposedly Irrelevant Factors (and In The Know Trader products) wraps up the show discussing buying silver and palladium on the recent pullback while remaining bullish on precious metals, explains silver’s breakout and backwardation dynamics, anticipates a short-term 5-8% equity market correction before another rally fueled by money-market outflows, and analyzes the growing retail influence and shift toward 60/20/20 portfolios favoring alternative assets like gold, crypto, and PGMs.
- Click here to visit the In The Know Trader website – https://intheknowtrader.com/
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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 may own shares in companies mentioned.
https://www.tradingview.com/x/a0kJs5SE/
DOLLAR : Gartley Bear Bust Possible
If So, Gold/PMs Much Lower
Yes, in a correction for gold, a rising dollar might matter but it’s far from a sure thing. A “strong” dollar is often really just a weak euro. There’s no gold in the dollar index, just other sh*t paper. That’s why the dollar is currently trading exactly where it was when gold was $1200. It’s also why the dollar went from 89 to 103 in 2021-22 while gold went sideways instead of down.
Bensignor (28:30) absolutely wrong!
https://tinyurl.com/bddmb9wj
Midday Thursday PMs
(Gray Example)
Thursday October 16th, actually at the 09:30 open.
P.S. There is a timing aspect to Saturation,
which points to the FOMC meeting.
As of Friday (all Light Blue, 7 possible):
DIA 5 – SPY 3 – QQQ 2 – IWM 1
Does saturation apply when you are at a bar or drinking green tea whatever is your poison! LOL! DT
On Wednesday October the 22nd HydroGraph closed at $3.19 CDN. That evening they announced a $20 million life offering of units and the next day Thursday HG closed at $2.87 CDN. On Friday the stock recovered and closed above it’s pre-news release on Wednesday at $3.23.
Wow! I don’t think HydroGraph is anywhere near its saturation point and when you consider the speed of the recovery this stock is only just leaving the gate. But Heh it is what it is it didn’t follow the typical pattern of going parabolic and then falling back to its norm just as quickly. The shorts are still around but why would you short a stock that is going to get a military contract, but for now HydroGraph has to wait for the government shutdown to end. But the buyers are still lining up so I expect to see the stock keep moving higher. Until then Happy Trading! DT 😊🤣🎉
Jordan Roy-Byrne’s analysis is top shelf.
His numbers match my numbers!
Great minds think alike! DT
https://www.youtube.com/watch?v=n7kdXsgq99U
The 1st Breakout occurs circa 15 August 1971.
(FSD) DT
DT: Back in the 70s, when with Burroughs, I toyed with the idea of what I thought of as a ‘trinary’ number system, one based upon positive-null-negative ( + 0 – ) rather than binary ( 0 1 ), but did not follow through because of obvious production limitations. Little did I know that the Soviets had gone there earlier, with similar limitations.
Imagine my surprise when I just now came upon the following YT video, where the term ‘ternary’ is used for the same thing. But here’s the real kicker: at 14:25 the absolute necessity for graphene is brought up to make this viable in production!
Has this been brought up yet by the HydroGraph connections?
Breakthrough: Inside the World’s First Ternary Computer
https://www.youtube.com/watch?v=3aewaff1494 (Anastasi @ 14:25)
BDC
Hi BDC, WOW! Its strange how pure graphene is going to disrupt the World as we now know it. Not only in data centers but in almost every product that is designed and used by mankind. It makes me realize that we are on the verge of something great.
The Russians have a lot of really great minds and more so in the world of mathematics. There is a Russian mathematics school down the street from where I live and I’m told that their teaching methods are first class.
I hadn’t seen that video thanks for bringing it to my attention it only makes me want to own more and more HydroGraph.
(I think the only change I would suggest is that the absolute necessity is for pure graphene to make this viable for production. All of the other producers of graphene have impurities in their product only HydroGraph is 99.8% pure and is the only solution.)
DT 🎉
Yes, the purest graphene is required. Measurement in microns back then, but now approaching 2 nanometers!
Also, she describes basic ‘fab’ needs, one being water. The long dormant North American Water and Power Alliance should be considered:
https://en.wikipedia.org/wiki/North_American_Water_and_Power_Alliance
The Toronto Blue Jays lost game two of The World Series last night. Now we are all tied up at 1 for 1. Today The Bills play The Panthers. The Bills have lost their last two games. Their star quarterback just got married and I think he has lost the edge. I hope they can turn it around today. DT
Listen Up!
Why is The US Government So Interested in HydroGraph Clean Power! DT
https://www.youtube.com/watch?v=nXCY0U-MSLw
😊😊🤣
So You Want To Invest In HydroGraph! DT
Expect this correction in the PMs to last for a little longer then a lot of pundits expect. In fact it would be healthy for this market.
Stocks are the place to be in. Judging by CNN’s fear & greed, index/put-call ratio, there’s going to be a face ripper rally coming in general stocks.
https://www.cnn.com/markets/fear-and-greed
It does look like QQQ could top 700 but a very important top is coming. The run up off the 2022 low will end along with the massive run off the 2002 low.
https://schrts.co/rGcupXRZ
Turning long term bullish against gold isn’t going to happen anytime soon.
https://schrts.co/aKxTHAbC
CJ: You were right about NatGas. Good call!
“Trump Demands Cattle Ranchers Lower Prices” because Trump, like 99% of Republicans, is no different than any career politician from the left. He wants lower prices AND lower interest rates because he has no clue where inflation comes from.
https://finance.yahoo.com/news/trump-demands-cattle-ranchers-lower-174255467.html
Trump wants to import beef from Argentina. In Canada we see beef in the grocery stores from New Zealand and Australia. It makes no sense to import foreign beef from places ten thousand miles away when we have a small population and a huge supply of domestic cattle. I suspect it is the same thing going on here as well. DT
I don’t eat that NZ beef, tastes terrible. Those cows are eating too much grass. Only grain fed Alberta Prime or USDA for me.
Trump is pure swamp as I warned here back in 2015.
Putin, Musk and others are worth hundreds of billions, while Trump only has a few and that eats at him. He’s got some catching up to do.
https://www.fibonomics.com/2025/10/gdx-timing-top.html
GDX : Timing The Top : Turn Quality
Trump has publicly stated that he wants to attack Venezuela for their heavy oil. If he gets his way Canada will lose their oil export market to the US. We will be crushed because there won’t be an export market for our oil because we don’t have a pipeline that runs to the coast. There are currently in place export restrictions to send oil from Alberta by rail to the BC coast, and rail is not a viable solution for volume traffic. DT
Food for thought:
There were 3 important highs for gold during the last bull market: 2006, 2008, and 2011. The gold-silver ratio was under 50 at the time of each of those highs, 43 for the ’11 high. The high for gold last week happened when the GSR was 83. And of course silver was still in backwardation and PSLV was trading over 4% below NAV. Tonight, silver is still in backwardation. It would therefore be unusual if last week’s high turns out to be meaningful beyond the short term.
We have entered an acceleration phase and those come with increased volatility because they are inherently unstable. Silver just ended a streak that we hadn’t seen in almost 9 years: 9 straight weeks higher. So the sharp pullback was a good thing in that regard. Those calling for a long correction/consolidation are premature in my opinion. Yes, the daily chart/short term has turned bearish and the hockey stick that began in August is begging for retracement, but neither of those things necessarily require months to deal with. The speed of the declines in the metals has made up for a lot of time. This market is scaring people out instead of wearing people out and that’s bullish.
With that said, I’d like silver to hold $46.50 for this week’s close.
Great thoughts………. thanks…..
https://tinyurl.com/bddmb9wj
Playable PM Bottom Coming!
Tomorrow? : FOMC Day?
Got some WRLGF.
May go lower:
0.6147?
HGRAF may pull back deep.
If so Buy 2.03 +/- 0.05 ?
Raise that a nickel.
Hi BDC, You keep looking for HydroGraph to pull back, but you are missing out with each passing day. Maybe you should go over your saturation charts and see what you missed? HydroGraph is a 15 bagger since I first bought in but you keep thinking that there is something wrong why doesn’t it follow my wizard charts. Maybe you should do some reading it might help you try to figure out what is going on? It’s not that difficult. DT
Now at the end of today I’ve got a 16+ bagger in HydroGraph and BDC is having a look at his saturation model trying to figure out where he went wrong. The error is human error not being able to see the forest for the trees like the old saying goes. LOL! DT
DT: I missed nothing, just not capitalized enough for portfolio trading. Made some money with HGRAF and probably will again. 2.08 +/- may be too low, but there will be a useful entry. One good thing about the company is that the recent capex funding seemed very fair at about 95¢. BDC
The way I see it Canada will be the 51ST state DT. But not to worry Hydrograph will save you! Oh wait, they can’t even keep $HG in country.
Best Regards,
New HG Millionaire
Hi 51, at least you have discovered The Canadian Securities Exchange. There are a lot of start ups that get their hot wheels on that Exchange. Once you find them then you ride them, and if they go on The Nasdaq all the better. Cheers, DT
After todays trading in HydroGraph we are a hop skip and a jump from $4 CDN, NICE! We just closed today at the old 52 week high (PS. not really that old) of $3.75 CDN. Tomorrow I don’t know where it will land but it is sure to take-out its old high and my 51 year old Buddy will be retiring down in Florida Tarpon Fishing, with a Cuban cigar butt in one hand and a bottle of CDN Club in the other and a couple of girls sitting on the bow of his Merc-Cruiser. What a life when you are a speculator living on dreams and making them come true. DT🤣🤣🤣
GOLD (Spot/BV) AB.CD = 3779.82
Silver 5m, nice…
It’s also nice that the backwardation has strengthened overnight. Not nice for the system though! Have we seen the last contango?
https://professorfekete.com/articles/AEFTheLastContangoInWashington.pdf
Silver (Spot/BV) 38.2% Pull Back (April Low) = 44.48
WRLGF AB.CD-27.2% = 0.6201 (Actual 0.6200)
May not hold tomorrow, but is cool!
Granny’s teapots made it in to the silver buyers, heading to the backed up refiners…
https://www.youtube.com/watch?v=mLpQICnZX1U