Setup
re-entering after our 2025-12 win, we carry over positions in both KILO.TO and PHYS.TO:
- 20 shares of KILO.TO @ 57.90 from 2025-10-31
- 40 shares of PHYS.TO @ 42.46 from 2025-10-31
On 2026-01-29, SPY, Bitcoin, and Gold were all selling off. The reason Gold seem to get hit is:
Traders sell what they can, not only what they want to. Liquid markets get used as ATMs. Gold is liquid, so it gets hit.
An interesting observation from this is that silver got hit even more around 2026-02-05 but had a different reason:
The Chicago Mercantile Exchange margin requirements for precious metals, asking traders to put up more cash to hold positions, after a period of extreme volatility… Silver did not fall because the world suddenly stopped needing silver. It fell because the price had become a leveraged bet, and the cost of that bet just went up.
Meanwhile my conviction is still the same and so is the long-term trend per Figure 1:
Entry
Entering at the level of the fast EMA with about $100 at risk on each trade ($200 total):
- Bot 25 shares of KILO.TO @ 69.12 on 2026-02-05, with stop @ 65.27 (low set on 2026-01-16)
- Bot 25 shares of PHYS.TO @ 50.52 on 2026-02-12, with stop @ 46.60 (low set on 2026-02-02)
