In this engaging conversation, veteran trader John Johnston, with 47 years of market experience, shares his bullish outlook for gold despite short-term ups and downs. He discusses silver's struggles, the importance of risk management in trading, and his technical strategies. Johnston argues for a stronger focus on the dollar within the Federal Reserve's mandate and reflects on the historical significance of current economic policies. With insights on wealth redistribution and geopolitical risks, he offers a nuanced view of the financial landscape.
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insights INSIGHT
Bullish Outlook on Gold and Economy
John Johnston is broadly bullish on gold and bonds and sees the U.S. economy as poised for new opportunities.
He perceives current changes as the start of a significant positive shift rather than an end-of-world scenario.
volunteer_activism ADVICE
Risk Management is Key
Always have a clear trading view and practice strict position sizing for risk management.
Know your trading limits and never overexpose yourself to maintain longevity in trading.
insights INSIGHT
Gold-Crude Price Discrepancy
The current gold price is disconnected from crude oil's historically linked value, making the coexistence unsustainable.
Cheap energy impacts all goods broadly, which contradicts isolated tariff effects as a major economic factor.
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Tom Bodrovics welcomes John Johnston (JJ), a seasoned trader with over 47 years of experience and 30-Years on the Comex and Nymex.
John expresses a bullish stance on gold, emphasizing its long-term potential despite near-term volatility. He acknowledges silver's struggles due to contango and high costs but remains optimistic about its eventual rebound. He also highlights his bullishness on bonds and the U.S. economy, crediting President Trump for fostering positive change and balance in the financial system.
JJ's trading strategy revolves around technical indicators like the slow stochastic oscillator and Wells Wilder’s directional movement indicator, which he applies across various markets. He stresses the importance of position sizing, risk management, and understanding one's limitations as critical components of successful trading.
The conversation delves into broader economic themes, including Trump's policies on taxation, tariffs, and antitrust measures, which JJ believes could redistribute wealth more equitably. He also touches on risks such as geopolitical tensions and potential recessions but remains optimistic about the administration's ability to navigate these challenges.
John critiques the Federal Reserve's dual mandate, arguing it should prioritize protecting the dollar and banking system. He reflects on the historical significance of current events, likening them to pivotal moments in American history that will shape the nation's future.
Time Stamp References:0:00 - Introduction0:57 - Current Market Thoughts3:30 - Comex Experience11:23 - Gold Bull & Sentiment15:00 - Crude / Gold Ratio24:46 - Trump Policies & Risks34:48 - Silver Scenarios39:50 - Manipulation & Metals?43:20 - Vault Audits & Tungsten47:16 - Powell Challenges53:12 - Concluding Thoughts55:25 - Wrap Up
Guest LinksSubstack: https://jj745.substack.comX: https://x.com/Alyosha745
John Johnston (JJ) is a veteran trader for 47-years with 30-years experience with the Comex and NYMEX. Known for his expertise in energy, gold, and silver, his views are old school pit wisdom with decades of technical evolution, and a somewhat literate overview of history and maket-lore. He writes about market trends and insights on the Market Vibes Substack. He says, "As a writer, I never try to be right. I try to be honest. I never want a reader to think what I think. I want the reader to know what I know."
Palisades Gold Radio