Jim Tassoni – Momentum Trading Strategies: Resources and Markets
In this Veteran’s Day/Remembrance Day edition of the KE Report, we’re joined by Jim Tassoni, CEO of Armor Wealth Strategies, to discuss current market momentum, tactical trading strategies, and where he’s seeing opportunity amid a broad market pause.
Key Discussion Highlights:
- Consolidation phase: Markets remain near highs; current weakness looks more like a pause than a correction.
- Trading discipline: “Know your out” – define stops, trim profits, and reenter when trends resume.
- GDX setup: Reentered at $73.65, watching $81 as key resistance for next upside move.
- Volume profile tools: Uses volume and market profile data to pinpoint support, resistance, and pivots.
- Metals bias: Long gold, silver, platinum, palladium, and copper; short crude oil.
- Equity stance: Long tech and healthcare (XLV); short consumer staples (XLP).
- Year-end view: Staying consistent – trade process over predictions or timing.
Stock & ETF Mentions:
GDX, SIL, COPX, XLV, XLP, SPX, crude oil futures.
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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.
Silver 5m… Is this a silver page or did I end up on a funeral thread?
… this patient is deceased, ready for embalming…
Sell sell! Silver is going to $41 hahahahahahahahahahahahahahahah!!!!!!!
Obviously heading to zero… or at least into the high 30s, I can’t be sarcastic any longer. where the F are the silver dudes or did I miss the memo that silver doesn’t matter anymore!
Good question Dan. I was kinda wondering the same thing.
Is $53 silver not exciting enough for investors of the silver stocks? Haha! 😉
Waste of time SCZ… (sarc)
Sell sell sell… IPT (sarc)
Gold/ Silver ratio… figure it out yerself if this is good…
Took profits on SCZ and short with GDXD and SLVD for a few minutes…
Oil, big input cost for mining costs going down… but who cares…
An ounce of silver will almost buy a barrel of oil… but who cares!
This bears repeating… AN OUNCE OF SILVER WILL ALMOST BY A BARREL OF OIL, but look away look away…
My two nickels worth, (inflation);
Silver is searching for a new and realistic trading range, prolly between $1 and $100. I think it will be a momentous occasion to see an ounce of silver surpass a barrel of oil… that would be very telling of the modern uses of silver in data centers and such.
Silver:WTIC
Silver is inevitable, like Thanos.
That being said, I think it is going to be rangebound until the 50 week EMA gets much closer to the current price and volatility compresses significantly. At best silver makes a marginal new high by a buck or two that is quickly given back.
I would prefer that scenario instead of price just taking off here, which I don’t think is optimal for the long term health of the bull. I tend to agree with Gary Savage that if price does just take off here, we’ve probably only got 1-1.5 years max before the ultimate peak is reached. Don’t get me wrong, the peak could be spectacular (silver went up about 10x in a little over a year into the 1980 blowoff), but exiting or scaling out is going to be extremely difficult. What’s more, I think it is exceptionally likely that the metals will outperform the miners in the blowoff scenario, since the miners will be discounting the inevitable crash the entire time.
I’ve read your comments lately and agree, silver may have other ideas but will wait and see.
HL is exceeding my near term expectations since it has now made a higher high than last month’s peak.
Like with silver, I would prefer it just went sideways for a handful of months. I still believe that like silver, it has a date with the rising 50 week EMA in the next 4-6 months (or will at least get within 10% of that MA). (If it wants to make a beeline to the inverse H&S target of $235 I won’t complain of course.)
FWIW, the HL/Silver ratio is right up against a downtrend line that has been in place since HL was listed on the NYSE in 1968. If it breaks and holds above that downtrend line, I would expect the ratio to return to at least 3/1.
1/1, much less 3/1, seems hard to believe given the ratio’s behavior over the last 50 years.
1/1 to 1.5/1 would be a first realistic target if the ratio does manage to break the downtrend line.
Things go wrong when we place too much trust in the price action of the past without properly accounting for the macro difference of today. I know that the vast majority of technical analysts take pride in ignoring everything but the charts, and that’s probably a good idea for most of them, most of the time, but I’ve never seen the wisdom in ignoring anything that might be relevant.
Based on history, gold’s $3500 April high should’ve lasted well over a year but it lasted just 4 months. On top of that, not one monthly close that followed was lower than the April close. This bull is nothing like the 2000s bull and will prove no more than similar to the bull of the 1970s.
https://schrts.co/jAjPqEQX
It’s a bit premature, technically, but I think silver still has a good shot at my $60 target this year. $50 will (finally) soon be strong support if it isn’t already.
I hope you are right.
A double top in silver right here and a severe sell off is certainly within the realm of possibility (i.e., a quick crash to down to the 150 dma that JRB has talked about). Obviously, my desire for a high consolidation would be destroyed, and I would think that a breach of $54 for good could take over a year after that kind of damage–something along the likes of what palladium did after its huge spike in 1998.
I’m not trading around any of these scenarios, but I think being prepared mentally for any of these outcomes can help keep one in the game.
Bull markets contain within them several peaks of importance but I’ve never seen gold and/or silver make an important peak while the gold-silver ratio is so high (or silver-gold ratio so low). That alone would make the recent highs unusual if they were to last. But under the circumstances, which (STILL) couldn’t be more bullish for the metals, it would be extremely unlikely.
The guy who wondered if we’ve seen a “generational top” is clueless, to put it nicely.
https://schrts.co/QsJxJMxv
Weekly IPT looks ready for action after pulling way back for nearly 4 months…
https://schrts.co/bVCkvAkd
New high daily close for SLV:GLD as it continues to follow the arrows that I drew 3 weeks ago…
https://schrts.co/vHMZckIT
This is the one chart that makes me think that you could be correct about silver not having to pause for a few months to catch its breath. We will see.
… Heeelllllllooooo out there… anyone awake out there?
Silver 1 hour…
https://www.tradingview.com/x/qw9CtsGc/