Takeaway

The presenter argues that precious metals have formed a "perfect setup" following the recent Fed announcement, prompting them to get aggressively long this week. They see Gold, Silver, and related mining equities (EXK, HL, CDE) as ready to move higher. Additionally, the speaker believes airlines have turned, highlighting JetBlue (JBLU) and Southwest (LUV) as poised for a bounce and noting they are among their largest positions.

What the presenter said

• The presenter released a special video last night because a significant setup had developed in precious metals, which they state is a rare occurrence. [00:05]
• He argues that precious metals set up perfectly after the Fed's actions. [00:18]
• They began "getting aggressive" and re-entering precious metals positions this week, specifically yesterday and today. [00:23]
• Silver, which the speaker likes "even more than gold," is starting to go higher. [00:36]
• Several mining equities are also "getting ready to go," including EXK (which they bought on yesterday's close), Hecla (HL), and Coeur d'Alene (CDE). [00:43, 00:47, 00:50]
• The presenter believes airlines have turned and are ready for an up-move, a trend they have been following for two to four weeks. [01:11]
• Both JetBlue (JBLU) and Southwest (LUV) look ready to go and are noted as two of their largest positions. [01:17, 01:23]
• A pullback in crude oil could signal a setup in related products like jet fuel and gasoline. [00:57]

Trade ideas

• Instrument: Precious Metals (Gold, Silver)
  • Direction: Long
  • Entry: "This week, yesterday, and today"
  • Horizon: Short-term
  • Conviction: High
• Instrument: EXK
  • Direction: Long
  • Entry: "Close yesterday"
  • Horizon: Short-term
  • Conviction: Medium
• Instrument: HL (Hecla)
  • Direction: Long
  • Entry: Not specified
  • Horizon: Short-term
  • Conviction: Medium
• Instrument: CDE (Coeur d'Alene)
  • Direction: Long
  • Entry: Not specified
  • Horizon: Short-term
  • Conviction: Medium
• Instrument: JBLU (JetBlue)
  • Direction: Long
  • Entry: Not specified
  • Horizon: Short-term
  • Conviction: High
• Instrument: LUV (Southwest Airlines)
  • Direction: Long
  • Entry: Not specified
  • Horizon: Short-term
  • Conviction: High
• Instrument: Crude Oil products (Jet Fuel, Gasoline)
  • Direction: Neutral (watching for a long setup)
  • Entry: A pullback in crude oil could provide a signal.
  • Horizon: Unspecified
  • Conviction: Low

Levels and data cited

• Cited Data: The market reaction following the recent Fed announcement was cited as the catalyst for the setup in precious metals.