A.M. Look 10/16/25

Spoo has done nothing but give you trade after trade for 40-50 points off the qtrly pivot.

As long as the qtrly pivot keeps holding on a closing basis the elevator is up.

My focus has been on the hard assets.

Gold fib extension target is 4375 ish. It should be pretty over baked by the time it gets there.

This is the next big hurdle area. The next big level is $1000 higher and the high probability rejection level.

I’m expecting the Gold & Silver to remain strong into Diwali. 10/21.

Platinum shows near term closing resistance in the 1730 area.

Bitcoin came down to fill its gap left at the end of September.

While it looks like it should hold in here looking a some of the relationship spreads.

I’ll leave it alone for a bit. Bitcoin either holds in here of is vulnerable for as much as another 25% drawdown.

I’m not that big of a believer.

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