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Bulls Slam Gold Miner as Fed Chair Reports on Sticky Inflation

by | Aug 25, 2023

I’ll be out next week, so let’s get to the final top flow of the day video until I return from the mountains of California!

The first ticker is a stock I like because of a raging inflation, as Federal Reserve Chair Jerome Powell spoke on the issue Friday morning in Jackson Hole, Wyoming…

Hecla Mining is a gold and silver production company that also produces zinc and bulk concentrates for custom smelters… 

This is a penny stock, which means it trades under $5 a share.. These things can really move — in either direction. So as always, use proper risk management and position sizing!

I’m also seeing a couple of interesting orders in tech stocks Oracle and TSM – including a short bet in the semiconductor name on the heels of Nvidia’s earnings report this week…

Chip stocks have been all over the place since Nvidia’s report, so again… use proper risk management!

All that and more in today’s video up top — see you when I get back!

Friday’s Top Order Flow: 

  • Hecla Mining Co. (NYSE: HL): December $3.50 CALL.
  • Oracle Corp. NYSE: ORCL): October $125 CALL.
  • Taiwan Semiconductor Mfg. Co. Ltd. (NYSE: TSM): Sept. 1, $93 PUT.
  • Li Auto Inc. (Nasdaq: LI): September $40 PUT.
  • And more!

Note: If no date is listed after the month, it’s the monthly expiration (third Friday). 

*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. 

P.S. Right now, I’m seeing lots of people use these AI trading systems.

I’ll just say, I don’t love them…

They use historical price action to predict what a stock may do next.

I’m sure they work with some degree of accuracy… But it’s still a shot in the dark…

Put simply… It’s still a wild guess.

Why not use something that uses real-time data and leverages the real reason stocks move?

To me, that seems much more likely to work out over time than a system that makes educated guesses.

In fact, the system I use — every day — has accurately called some of this year’s biggest market moves… 

Moves Like This

WRITTEN BY<br>Lance Ippolito

Lance Ippolito

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