The KE Report

Jim Tassoni - Momentum Trading Strategies For Commodities: Gold, Silver, GDX, GDXJ, SIL, Copper, Uranium, Oil and Nat Gas


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In this Daily Editorial, we are joined by Jim Tassoni, CEO of Armored Wealth Strategies, for his monthly trader’s perspective. Jim is a momentum trader, and this month’s discussion focuses on the broad commodity rally - from gold and silver’s powerful uptrends to renewed strength in copper and uranium - as well as why energy markets remain laggards.

We cover:

  • Precious metals leadership - Gold, silver, and the miners (GDX, GDXJ, SIL) continue to trend higher across all timeframes. Jim discusses how he manages momentum trades through tactical trims and add-backs while staying aligned with the dominant trend.

  • Trading through volatility - With the VIX crossing above 19–20, Jim is reducing position sizes, banking partial gains, and waiting for pullbacks to re-enter. He emphasizes risk management and trend discipline as volatility returns.

  • Actionable levels in gold and copper - Jim outlines his current playbook: trimming gold near $4,160, reloading around $3,895, and maintaining a bullish bias above $3,510. He’s also long copper from ~$4.94, with a risk line near $4.81 and upside target around $5.26.

  • Uranium momentum trade - Long since early May, Jim continues to trail stops higher while trimming into strength as uranium equities remain one of the best-performing segments in the commodity space.

  • Energy divergence - While metals rally, oil and natural gas remain weak. Jim stays short crude oil and explains why the lack of catalysts and capital rotation into metals and uranium have left traditional energy behind.

  • Market psychology & capital flows - How investor focus and “hot money” rotation are driving performance across sectors, and why discipline and clear exit levels are essential in volatile markets.

  • Stock & ETF Symbols Mentioned:

    GDX, GDXJ, SIL, COPX, GLD, SLV, VIX, WTI, URA

     

    Click here to visit the Armor Wealth Strategies website to keep up to date with Jim and what he’s trading.

     

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    Investment disclaimer:
    This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

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