The Macro Trading Floor Gold & Cockroaches
69 snips
Oct 17, 2025 Dive into the recent surge in gold and silver prices and what really drives it—momentum, debasement, or something else entirely. Explore the intriguing concept of credit 'cockroaches' lurking in the market and why they matter. Alf and Brent also discuss the bubbling sentiment in silver, strategies for managing profits in volatile trends, and whether AI CapEx hype is justified. Plus, tune in for listener trade ideas and their thoughts on data impacts from a potential U.S. government shutdown.
AI Snips
Chapters
Books
Transcript
Episode notes
Momentum, Not Debasement
- Gold and silver's rally looks like a momentum-driven move rather than a broad debasement trade.
- The rally has been low-volatility and grinding, producing unusually high Sharpe-like performance for metals.
Debasement Narrative Lacks Breadth
- The usual debasement signals (long-end bond sell-off, broad crypto and tech rallies) are absent.
- That mismatch weakens the fiscal-dominance/debasement narrative for metals.
Submit Your One-Month Trade Idea
- Submit a one-month trade idea via the podcast Google form for live feedback.
- Use the form to get stress-tested and possibly featured on the show.
