$SPDR Gold ETF(GLD)$ Gold has overtaken US Treasuries as the world's top reserve asset in 2026. Just wait until the 3 trillion off-balance-sheet "AI Infrastructure" debt bomb explodes as we get closer to 2027. Gold will absolutely skyrocket the moment the "AI Infrastructure" bubble pops. If you're an "AI bear" and skeptic, just keep accumulating gold and silver, physical and paper, instead of trying to short or buying puts in individual AI Infrastructure or AI Memory Chip stocks. $iShares Silver Trust(SLV)$ $VanEck Gold Miners ETF(GDX)$ $Gold Trust Ishares(IAU)$ $S
$Micron Technology(MU)$ My bet is that we'll see a bottom and a bounce soon. It's the same three-candle setup from July, just the inverse version. They even left the gap in place.
$SPDR S&P 500 ETF Trust(SPY)$ Some people seem to be posting a lot of noise, but the markets look set to push toward new all-time highs soon. That will probably make the current pessimism look even more out of place.
$Micron Technology(MU)$ One thing I appreciate about holding MU long is that even after a 20% drop, you can write a leap about 10% out of the money at your basis and still get paid around 15-20%.
$Micron Technology(MU)$ When memory suppliers were losing money a few years ago, Apple probably could have locked in supply for a decade at a 25% margin. Instead, they were stingy and squeezed the memory makers while they were down, and now they're stuck paying 85% margins.
$SanDisk Corp.(SNDK)$ RAM, SKHY, and others are surging as blowout earnings from CRWV and SNDK push aside the cyclical memory downturn narrative. The rally is being driven by several headlines. MU says demand will continue to exceed supply well into 2028. BoA analyst Vivek Arya holds a $1,550 price target on Micron. Elon Musk pointed out that memory is the single biggest bottleneck in the AI landscape. Apple noted that Chinese chips cannot compete with Micron's HBM chips. There was also a report that humanoid robots require 10x more memory than autonomous cars, predicting a memory demand explosion over the next decade.
$Micron Technology(MU)$ $SanDisk Corp.(SNDK)$ $Invesco QQQ(QQQ)$ Looking at Micron's price action, it bounced off the 61.8% Fibonacci retracement level measured from its recent high of $1255 down to the April 7th low. The initial rebound from $705 was a 33% move up to $933. Since then, profit taking and consolidation have pulled it back to $848, which is still 20% above the $705 low. Despite how bearish the chart might look at first glance, Micron is still in a bullish consolidation. To really break the bullish retracement setup, the stock would need to drop all the way back to $705. And by pretty much every chart book
$SPDR S&P 500 ETF Trust(SPY)$ There's a pretty clear falling wedge forming on the daily chart. Volume is basically nonexistent. The final hour of trading has been quiet so far, but sometimes those are the sessions where things actually start moving.