TMAD Commodities: Inflation Worries Spark Metals Selloff

$GLD $USO $SLV $URA + Top Trade Setups

Hello Traders,

What a day! We hit the $720 in pre-market on SPY and bounced from this strong put wall, as mentioned yesterday.

Our agentic TOP 10 portfolio we opened with Public on Tuesday is up 8.95% today. I posted the link for agentic prompt for you on Tuesday. This is our model 10k portfolio, even people with small accounts can play this strategy.

10k can turn to 75k in 5 years of 50% yearly returns. One just needs to be discipline and dedicated.

SPX Levels

We gave you 7,395 as our top resistance for today. We closed at 7,394.31. Precision again. Market looking a bit better, we have SpaceX IPO tomorrow, that will be an interesting watch!

Resistance: 7,420 / 7,499

Support: 7,325 / 7,260

Ideally we close the rest of our hedges. We will be reopening them at some point again.

Commodities Update

With energy costs up over 23% this year, the average household is feeling the pressure, and the economy is splitting in two. This has sparked a broad selloff in precious metals as traders rush for the exits. The shift is simple: investors would rather hold cash than non-yielding metals while the Fed’s finger is hovering over the "hike" button.

Last week’s positioning in gold has sent strong warnings which gave us the information to remain ahead of the curve.

Now let’s check how traders are reacting over the PPI report.

POSITIONING UPDATE

GLD 0.00%↑ GOLD ETF