Thanks. Three follow up questions:

1. Doesn't the use of any indicator at the CLOSE leave a trader vulnerable to a major sell off intraday?

2. What is a DMA and what are the advantages to using it vs either an  SMA or EMA?

3. Assuming the DMA fluctuates during the trading day, why is it better to use vs a hard stop based upon a support level or trend line?  I had the impression Matt often uses hard stops based upon support levels.

Long time holder of gold and silver mining positions. Retired. End of 2024 my precious metal positions (gold/silver/platinum) represented 24% of my portfolio. Due to parabolic moves, yesterday they represented about 65%.  Wanted to reduce overall exposure/take some profit.  Couldn't be in front of a computer screen today at the open, knew mining stocks would open higher but worried they might take a hit today. Opted to place stops while away on about 7 of my 16 positions using daily candlestick charts and recent lows.  Most were hard stops that fell into the 4.5%-5% category.  Sold one position (HL) in its entirety yesterday for a healthy profit. 

6 of the 7 stops triggered early morning in/around where the stocks closed end of day today.  My exposure to precious metals was reduced by 1/3rd. Though not at the high, profits were significant on positions sold, so no complaints. Don't know if the selloff will continue tomorrow or was more of a one day shakeout similar to what happened earlier this week. I think the latter because gold and silver prices were up end of today, I assume stocks will rebound tomorrow or early next week. That may or may not play out. 

So here's my thinking about placing stops on longterm positions when precious metal stocks go parabolic.  The best approach seems to be EITHER to place a hard stop  6%-7% below current price (which will limit damage in case of a crash) OR place a tighter (3%) TRAILING STOP on positions you are willing to close out. ..knowing you may get stopped out on noise.  The 4.5%-5% scenario I placed seems to be the incorrect approach - one that often triggers due to a short term shakeout, followed by a quick rebound in stock price.  My conclusion is based strictly on anecdotal evidence and may be off base.  Trying to get better at this.   Any thoughts?

Looking for suggestions on how best to manage my gold/silver stocks which have vaulted higher in the last year and a half.  Sitting on huge gains. These have been long term plays I've been in 5-10 years.  Other than a handful of Matt's macro plays which I've been in a few months, the remainder of my positions are short term trades (1-10 days or less).  Trade in and out of those based on candlestick patterns and support levels.

Feeling like we have to be approaching a short term top (at least that's what the candlestick patterns seem to imply) since we've come so far so fast. Don't want to be greedy but don't want to miss another 25% move.  With short term trades I'm usually all in or all out.  For the gold/silver with monster gains, is it better to take half off the table with a hard stop on the balance, or put a 5% trailing stop on entire positions?  Or is there a better way to participate in the remaining rally without being all in or all out?  Happy to reduce my overall exposure and relax for several months, with an idea of getting back in again down the road...even if it turns out I've missed some gains.  Being retired I'm thinking a little less risk makes sense.

Good position to be in but difficult to navigate.  Suspect others are in the same situation.  Thoughts?

Two questions: Is it from a reliable source?  How atypical are the activities on this list?

Much appreciated, Matt. Thank you.

Shouldn't those who bought this stock as a trade been stopped out at around $10.30 when it broke the uptrend line in late July?

Any opinion where this seemingly strong rally in Gold/Silver (and the miners) goes to over the next few weeks? Does it stop short of the recent highs and reverse (creating a lower high) or does it break out to new highs yet again?  Psychologically tricky point in time for those who have held long term positions.

Exceptionally good newsletter - thank you.

How can anyone trust tomorrow's CPI #?  Have to believe the Administration told the BLS employees to report a low # or risk being fired.  There are three reasons: 1. a low CPI makes trump look good on paper despite the obvious: rampant inflation everywhere you turn; 2. The government has every incentive for keeping the CPI as low as possible (adjustments to social security payments for 2026 are yet to be finalized); and 3. trump wants the Fed to cut rates substantially or do so multiple times.  Old Sufi proverb:"Trust in God but tie your camel first".

Thanks for the charts and link; excellent interview. Reminds me of 2007 when a handful of traders were screaming there's a housing/mortgage/financial crisis brewing and no one was listening.

Just curious; at what entry price?  I wonder how many individuals had advance notice of the government taking a 10% stake in this one...

Any thoughts on how the general market/precious metals will respond to a 1/4 point rate cut vs a 1/2 point rate cut today?   Will Powell's guidance have more impact than the rate cut itself? Will the Dow, S&P, Nasdaq and precious metals move together or will they bifurcate?  Anyone establishing new positions in advance?  Will this be more of a non-event in terms of movement?

You nailed this long term trend five years ago, Matt; I've been riding it up ever since.  Thank you.  The latest monthly candle is bumping up against the top of the long term supply zone that you drew.  Can it break out after consolidation and move to all-time highs, or would you favor a significant pullback on the monthly chart at this point?

Who's he going to fire now?  

BBAI - stops work.  On Friday I bought the gap up at the open ($6.92) as the stock continued to rise. Late in the day I placed my stop $0.01 below the low of the day ($6.84).  This morning I was stopped out in the 1st 5 minutes of trading and annoyed when the stock immediately reversed higher touching $7.39.  Calmed down after my gold/silver miner positions reversed higher on the day, reminding myself BBAI was a quick trade and stops are there for a reason.  Well...that reason just showed up in a big earnings miss with the stock now trading at $5.12 (down $1.97) in after hours trading.  I will not 2nd guess being taken  out by a well placed stop for quite some time.     

The effective US tariff rate on Japanese imports prior to the current Trump term was 2%. On July 7th he threatens to raise that to 25%, ultimately settles on 15% and the market celebrates what will ultimately be a higher "tax" on US consumers.  What am I missing? 

Tesla reports 14% decline in vehicle deliveries, making 2nd straight year over year decline.  And the stock is up 4% pre-market. 

https://www.cnbc.com/2025/07/02/tesla-tsla-q2-2025-vehicle-delivery-and-production-numbers.html

CYN - playing with fire.  Stock closed yesterday at $5.01. Opened today at $16.40, ran up to $41.54.; now at $24.73. Volatile doesn't begin to describe it.  Made a quick $300 using 5 minute candlesticks, by was lucky not to get burned. Stock was halted a number of times on the way up and on the way down.  Never again, and certainly not for the faint of heart.  Never seen a stock move so quickly (both ways).

Matt: In the chart of OKLO, are there specific indicators that would lead you to buy somewhere in the handle vs wait for the breakout, or is it more a question of style  (aggressive trade vs conservative) and comfort level?  

Thanks, Steve.  Interesting idea that warrants further investigation.