Tomorrow is a big day for the near term direction of the stock market and while we are at it, let's call it a big day for precious metals and bitcoin as well. The big wins of the past few days in GLD, SLV and NEM should act as a cushion and a bit of a buffer going into November and December option expirations. As explained in yesterday's Mid-Week Update, CPI numbers will be released tomorrow morning before the Open and for now we will bide our time and let the market lead us into post-CPI opportunities, whether bullish or bearish. In this business, it seldom pays off to shoot from the hip when we can just as easily lay in wait for the right trade at the right time. I'm expecting some wonderful trades coming our way, in both services, into the end of the year. For now, let's sit on our hands and wait for those trades to develop.
