$ProShares Ultra Silver(AGQ)$  An anomaly is being seen from last night's trading. Whereas we all know gold and silver prices fell along with most stock counters, what we are seeing is AGQ fell out of proportion to the fall in Silver prices.  AGQ is now at $116.00 plus. And Silver is around $77.00 an ounce. but the last time AGQ was at this level, Silver was below $60.  Hmmn.....

Gold and Silver. The new panic is caused by inflation CPI report which shows the US inflation is going UP, not down. This is driving bonds and USD higher. But I think this movement is temporary. Why would the USD go up if the USA is broke? This Iran war is costing USA $200-300 million a day. Trump has basically admitted this when he is asking Congress for 1.5 Trillion $ to replenish the weapons drained. Where is the money going to come from when the US is already owing trillions? Will China help after Trump’s actions have been anti-China all along? And Japan? Japan is already in serious trouble. They have no money to spend on US bonds. And the Arabs? They are running dry too with Iran blockading their oil cash. Gold and silver are real assets. This is where real safety lies.

$Advanced Micro Devices(AMD)$   Superb run last two weeks after latest quarterly  results announced. Not saying AMD is not a good investment but you have to ask, is AMD really worth sooo much more than NVIDIA?  Taking the bench from 3 months ago, AMD was trading around or slightly lower than NVDA. At about $200.00 mark.  Now AMD is $145 whereas NVDA (even after China announcement) is only $230.  Food for more thoughts.....

Iran War - Trump rejects Iran's peace plan. Truce looks like it will end as Trump rejects Iran's counter-proposal and terms.  The market euphoria from the hope of a peace in the Gulf seen last week may end today. This is perhaps the time to stay light and wait out the turn down. Certainly high risk again.

Silver AGQ Journal 10th May 2025. As has been happening lately, last week we saw a lot of fluctuating in the price of Silver and related instruments. I expect this week to be no different. Silver price ended high on Thursday before retreating down in the day. It then saw a brief rebound before ending the day lower from day's high, again. With the Iran war still not officially ended, we will likely see Silver price retreat again as traders play safe.  I will not be surprised to see AGQ retreat down to $120 level before climbing back up to $130+. That's how exciting AGQ is.  Not for the faint hearted.

$ProShares Ultra Silver(AGQ)$   Superb two day run but corrected and gaveback more than half the one-day gain yesterday. If normal pattern holds, we should see a few days of correction before upsturn resumes. This is unless we hear some big news, either way. 

$ProShares Ultra Silver(AGQ)$    Scalp trading of AGQ has been working pretty well. Every last few days we have been seeing the share prices swing up and down dramatically. If you can time it, it can be rewarding. But I know. Most experts warn against trying to time the market. It is just, with AGQ, it has worked pretty well recently as the pattern is almost clock-work.  Plus at the same time, I am a firm believer in the worth of silver.

$ProShares Ultra Silver(AGQ)$    Post market already seeing a 4% rebound. This after the truce was extended indefinitely.  Clear signal the US wants to end this costly war and despite all the rhetoric from Trump, it is not just Iran that is hurting. I expect a big recovery today when the market opens. 

US Extends Indefinitely Ceasefire. Last trading session plunge caused by fear of the coming deadline to the end of the truce. Now that the US has announced an indefinite extension of the truce to facilitate peace talks, this is a clear indication the war is hurtingthe US as much as it has for Iran and the Gulf States.  I expect a strong rebound when the market wakes up today.

$ProShares Ultra Silver(AGQ)$    "For silver, a global supply shortfall has persisted for six years, with prices supported by industrial demand, particularly from the new energy and electronics sectors." Above everything and every noise you are hearing by now, this one fact is what you have to pay attention to. Silver is getting more in demand at the same time time the miners are findng it harder to produce enough to satisfy. Basic economics teaches that where there is more demand versus reduced supplies, prices can only go up.  Silver is the new gold. Silver is the real thing. 

‌$ProShares Ultra Silver(AGQ)$  ‌‌ ‌ Things seem to be settling down for the day after hte initial early trade panic. Perhaps this is a time to take a position and ride the wave up from here ?

$XAG/USD(XAGUSD.FOREX)$    Iranian truce looks like it won't hold now that the US has attacked an Iranian cargo ship. The second round of peace talks has been cancelled. This is why we are seeing Silver, Gold andstock futures starting the week low.  We may likely see some retracements down today. Wait for opportunities to buy in. But not today. Give it a few days to see what trend is first.  Remember, never hope to buy at cheapest, never hope to sell at highest. Don't let greed eat you alive.

Iran talks cancelled after US attacked Iranian Ship. Looks like optimism from the hope of peace ends today. Market will likely go yo-yo down again.