Gold Ripping to New Highs! The Seven Day Scope (Snipers Only)

Bitcoin, inflation, philosophy and freedom. Welcome all!

“Nobody actually knows anything, but I actually know this thing, so I know something”.
Socrates

A powerful statement and we only really know of Socrates through the eyes of his student Plato.

In Plato's "Apology," Socrates recounts how the Oracle of Delphi proclaimed him the wisest of all men. This declaration puzzled Socrates because, despite feeling ignorant, he realized that his wisdom lay in recognizing his own lack of knowledge. While others might not acknowledge their ignorance, Socrates at least knew that he knew nothing, which, in a way, made him wiser than those who falsely believed they possessed knowledge. It's a thought-provoking paradox about the nature of wisdom and self-awareness.

"The most contrarian thing of all is not to oppose the crowd but to think for yourself." — Peter Thiel

Understanding yourself is the game of trading. The old philosophical question. The Pythagoras Quote “Man know thyself; then thou shalt know the Universe and God.” Is the most important part of this journey.

I mentioned on a podcast yesterday that I don’t just tell traders what to do. (the times I have been paid to chat with professional traders) I just do my best to help them understand themselves. Are you an anxious person? This means that bad position sizing could absolutely kill you! Guess what, almost every trader has some form of anxiety issue. So most likely you do as well. I have it as well. To really get through a rough bout with anxiety I have to convince my body that it is excitement and not anxiety. Not saying that this will work for everyone, it just works for me.

What if you are overly confident and you think you are always right? This is usually a good character trait to have. However, as a trader this is the worst thing that you can do. The good news is that trading will absolutely humble you and humble you quickly. Good traders are usually a little paranoid about life and skeptical of people. Thats why most traders can get in to some wild conversations about the craziest shit that you have ever heard.

The goal here is to understand yourself. Your tendencies, your character defects and learn to love the good and the bad.

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I have mentioned it twice this week but this is one hell of a reflationary environment. The only sector that is giving us nearly the same return as energy (4% below) is communications. Once again I know it is boring at times but good trading is boring. We stay long the things that are going up.

When everyone talks about wanted to be a trader they talk about freedom. Why not have both. Create a strategy. Run stop loses. Extend your trading time frame. Stop using so much leverage and chill. Make more money and gain more free time. This is much less complicated than most people make it out to be.

Currencies QTD

The dollar seems to be stuck in purgatory. As long as the dollar does not break out, I would stick with this thesis. Continue to hold the reflationary move.

https://open.substack.com/pub/aaoresearch/p/optimizing-your-options-trades-in?r=224hm&utm_medium=ios

I actually had a few unsubscribes for putting out this trade idea to buy April calls back in January on oil. Between this and our futures trades… we have made some great returns for our clients this year. Nothing makes me feel better about a trade than when everyone tells me that I am an idiot.

Everyone panicked about the small market pull back that we saw yesterday. The conversations were ridiculous. One person even said “One day you will wake up and the market will be down 40% in a day.”

Look everyone loves to talk about crashes. It reminds me of the quote from the big short. If I remember it correctly “Everyone, deep in their hearts, is waiting for the end of the world to come.”

That is the damn truth. Life is beautiful and brutal all at the same time. I think we are all attracted to crashes and bear markets. Also, humans like to be right so it is infinitely much cooler to predict one.

The problem that I have with this thinking is that it is insanely hard to do and markets normal don’t crash while in and strong uptrend. We would see weakness in certain areas.

I am not seeing any warning signals on my VVIX VIX system.

We are still fully in bullish territory on our Bull Bear indicator.

Even as tech is slowing down we are not getting a sell signal here either.

Crypto is the most risk on asset on the planet and it continues to hold trend. This is a bull market guys. Yes, there are risks out there. We will always have risks as long as we are trading but for now, we ride the trend and use stops and position sizing to mitigate risk.

Also inflows to US stocks annualizing highest since 2021.

Gold

Silver

Gold Miners

Some people would tell you that this precious metals bull is extended. I am here to tell you that this is just getting started.

Let’s go!

Warm regards, Jason Perz

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Twitter: @jasonp138 Substack: aaoresearch.substack.com Against All Odds Research jperz1985@icloud.com