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September 18, 2025
 
     
  Post-FOMC Snoozer  
     
 

Nothing really happened today so I'm not going to waste time spilling ink about it....

Stocks were a snoozer and chopped sideways.

Commodities mostly bounced back from yesterday's beating.

Silver bounced and looks to be marking time before it takes another leg down.

Gold similarly marked time and was off just a third of a percent, as it continues to correct.

GDX bounced a touch and also marked time, while the silver miners were mostly lower again. GDX closed below the 5 dma once again though, so the bears remain in charge.

The dollar was firmer again, and the dol/yen could pop further on the BOJ tonight. So, again it looks like we are getting that wild bounce in the dollar before it plunges to new lows.

Yields rose again all across the curve.

As expected, Trump asked SCOTUS to rule on his Cook firing, but the markets didn't react at all to the news.

I made no changes to my equity shorts or my shorts in gold, silver, and GDX. Still long my SLV 37 puts for tomorrow, and I added some 37.5s for tomorrow for 6 cents today.

Subscription Note:

We're changing the format at DMS & opening up the evening letter to the public permanently until further notice, while reserving Intraday Comments, email notifications of posts, and all archives to subscribers for a new price of $200 for a 12M subscription.

Basically, after nearly 25 years of writing the evening letter every day, I'm going to be potentially shortening it or even cutting it down to just a few times a week in order to free up more time for my family. Thus, I didn’t feel it was right to keep the price at $500, even though I know many still believe the Intraday Comments alone are worth that price.

Intraday Comments will continue to be posted every day during market hours, including the "Morning Note" before the open with all the usual sentiment measures and ETF changes from the prior day, as well as all of my trades in real time during the trading day. Mailbag posts and important news items will also continue to be posted just like always. Basically, if you value real-time analysis and trade changes, like occurred today, then Intraday Comments are for you. Feel free to email support with any questions.

REMAIN FLEXIBLE

  
     
     
 
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Disclaimer: Lance Lewis periodically publishes columns expressing his personal views regarding particular securities, securities market conditions, and personal and institutional investing in general, as well as related subjects.

Mr. Lewis is the president of Lewis Capital, which is a registered investment advisory firm in Dallas, Texas. The firm regularly buys, sells, or holds securities that are the subject of Mr. Lewis’ columns, or options with respect to those securities, and regularly holds positions in such securities or options as of the date those columns are published. The views and opinions expressed in Mr. Lewis' columns are not intended to constitute a description of the securities bought, sold, or held by the firm in its capacity as an advisor. The views and opinions expressed in Mr. Lewis' columns are also not an indication of any intention to buy, sell, or hold any security on behalf of the advisor’s clients, and investment decisions made on behalf of clients may change at any time and for any reason. Mr. Lewis' columns are not intended to constitute investment advice or a recommendation to buy, sell, or hold any security.

 
   
     
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