Takeaway

The presenter argues that the current pullback in gold and silver, ahead of tomorrow's Federal Reserve interest rate decision, offers a high-conviction opportunity to re-enter long positions. Having exited all metals exposure at the end of August, the speaker is now looking to buy specific gold and silver equities to capitalize on this dip.

What the presenter said

• Markets are posturing ahead of the Federal Reserve's interest rate decision tomorrow. [00:05, 00:17]
• The pullback in gold and silver is seen as a buying opportunity. [00:33]
• The speaker is looking to re-enter long positions in silver and gold equities after having exited all metals positions at the end of August. [00:44, 01:19]
• Crude oil is "popping" up to 104, reportedly due to ongoing news in Iran. [00:08, 00:23]
• Silver equities on the speaker's radar include Coeur d'Alene (CDE), EXK, and Hecla. [00:49]
• Gold equities being watched include AGI and AEM. [01:03]

Trade ideas

• Instrument: Silver equities (CDE, EXK, Hecla)

  • Direction: Long
  • Entry/Target/Stop: Not specified
  • Horizon: Short-term
  • Conviction: High

• Instrument: Gold equities (AGI, AEM)

  • Direction: Long
  • Entry/Target/Stop: Not specified
  • Horizon: Short-term
  • Conviction: High

Levels and data cited

• Crude Oil: "popping up to 104"