Jim Tassoni, CEO of Armor Wealth Strategies, joins us to discuss his trading strategy for markets and precious metals.
We start by assessing broad market averages, noting both their recent strength and recent sideways consolidation. Jim discusses key resistance and support levels for SPY, Q’s, and IWM, and shares his trading philosophy of following technical indicators and value areas to identify opportunities and avoid major losses.
In-depth discussions follow on precious metals, with specific insights into gold, silver, and the underlying equity ETFs, GDX, GDXJ, and SIL. Additionally, we dive into the underperformance of copper despite strong fundamentals and Jim’s approach to shorting it.