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October 12, 2026
 
     
  Nothing Happened  
     
 

I think this was the lightest volume day of the year. Absolutely nothing happened given that the bond market was closed other than AI-related crap leaking again.

The dollar screamed higher again as well, which appeared to be what caused a minor pullback in the metals and GDX. Both gold and silver and GDX all closed above their 5 dma though, which leaves the bulls in charge.

Tomorrow the bond market reopens, and we get the CPI on Wednesday. Let's see if the metals and miners can take out the October 2nd highs...

I made no changes to any positions other than buying some SLV 57 calls for Wed for 6 cents after my 56 calls got smoked today.

 
     
     
 
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