Joe Terranova Sells APA Corp: Insights on Natural Gas, Gold, and Silver

Commodities Market Overview

• 📈 Gold and silver reached new record highs, while oil and the energy sector experienced a downturn, with energy being the worst sector last week.

APA Corp Trade Analysis

• ❌ Joe Terranova discusses his sale of APA Corp, calling it a "terrible trade" down approximately 8%.
• 💡 The trade was initiated when natural gas approached $5, with the expectation of a breakout, which did not occur.
• 📉 Natural gas prices have since fallen back below $4, indicating a misjudgment in the timing of the purchase.

Successful Trades and Outlook

• ✅ Terranova highlights a successful trade in GLD (SPDR Gold Shares), which is up about 10% after being bought a month ago at its high.
• 🚀 He remains optimistic about gold and silver for 2026, believing gold demand has a strong floor.
• ⚠️ While optimistic about gold, he views silver as a more speculative commodity and notes its recent rapid ascent.