Trading Insights 10/22/25

Chart of the Day 📈 10/22/25: Looking for Volatility? You'll Find it HERE!

Mike Larson | Editor-in-Chief

Looking for volatility? It’s not that bad in equities. The CBOE Volatility Index (^VIX) was hovering around 17-18 yesterday. But look at what’s happening in GOLD!

On Monday, gold futures rocketed more than $170 an ounce at one point – almost tagging $4,400. Then yesterday, it plummeted more than $230. At one point, gold was down 6.3%, the worst one-day drop for gold since 2013. Silver plunged almost 9%.

Now, take a look at the MoneyShow Chart of the Day. I used candles for the CBOE GOLD Volatility Index (^GVZ) and a line for the VIX – and the numbers show the year-to-date change.

Looking for Volatility? It’s in METALS!

You can see that gold vol has essentially DOUBLED in 2025, while equity vol is barely up. In fact, the GVZ just hit 33. That was its highest reading since March 2022.

If you’ve been following my work, then you KNOW I’ve been a metals bull for a long time. And you know gold has performed phenomenally well during that stretch. But when you start seeing this kind of volatility, you have to temper your enthusiasm.

We MAY have seen a short-term blowoff top and peak for gold, like the one back in April. That one led to a multi-month consolidation, which then gave way to the current run that started in August.

If you’re a longer-term bull, that’s what you WANT to see play out again as it’ll give you a chance to buy on dips. If you’re a shorter-term trader, you may have a chance to profit from a pullback. Just keep your stops tight and your exposure reasonable in case it’s just another temporary breather.

Three Different Ways to Invest OTHER Than “Buy and Hold”

Buy and hold may work in the long run, but most investors can’t stomach the massive drawdowns and long stretches of flat markets. In this MoneyShow Virtual Expo presentation, John Bollinger and Zoe Bollinger of Bollinger Capital Management reveal why so many investors get shaken out at the wrong time and how a tactical approach can help solve the problem.

They break down why 60/40 portfolios fall short, how disciplined market timing works, and why diversifying across assets and signals can outperform buy and hold. Their tested approach cut drawdowns while boosting returns — proving you can beat the market.

• QQQ: Buying the Dip is Still Paying Off, But...
  👉️ TICKERS: RSP, QQQ

  Markets climbed above key moving averages on Monday, retesting the 50-DMA three times before pushing higher. The Invesco QQQ Trust (QQQ) hit new all-time highs as tech led the rally. But the Invesco S&P 500 Equal Weight ETF (RSP) lagged — showing how narrow the market’s leadership has become, writes Lance Roberts, editor of the Bull Bear Report.

• Keep Newton's First Law of Motion in Mind When Trading Global Stocks

  👉️ TICKERS: SPDW, VXUS, VEU

  We employ Newton's First Law of Motion: What is in motion tends to stay in motion. And my 30-plus years of global macro experience have taught me the criticality of having a framework to make sense of the globe, advises Jay Pelosky, founder and principal at TPW Advisory.

💵 📈 How to Ride Nvidia’s Next 70% Rally With One Smart Options Trade. (Barchart)