Trade Ideas
Author explicitly states 'I still punt GLD and SLV instead of futures,' indicating these ETFs are his primary vehicles for gold exposure, which he is long (30% of book) despite duration concerns.
Author explicitly states 'I still punt GLD and SLV instead of futures,' indicating these ETFs are his primary vehicles for gold exposure, which he is long (30% of book) despite duration concerns.
Risk: Duration mismatch with rising rates could pressure gold prices; author acknowledges internal dissonance.
Author argues US midstream and LNG names are the 'transmission mechanism into equity-land' for the oil/cascade trade and is buying them, implying sector beneficiaries from sustained elevated oil price
Author argues US midstream and LNG names are the 'transmission mechanism into equity-land' for the oil/cascade trade and is buying them, implying sector beneficiaries from sustained elevated oil prices.
Risk: Oil delta capped due to virus uncertainty; peace scenario could unwind thesis.
Fundamentals stronger despite selloff due to US drought, Russian planting issues, and WASDE production cut; speculative washout provides entry.
Duration mismatch with book acknowledged, but added to January call structures as conviction unchanged.
Oil calls held but delta capped due to Hantavirus uncertainty; convexity benefits if virus contained and oil goes vertical.
Fundamental case intact with E15 expansion bullish for demand; long vol provides patience for catalyst timeline.
Author uses SLV as proxy for silver position, added to January call structures, and remains bullish on silver despite short-term losses from in-the-money calls.
Author uses SLV as proxy for silver position, added to January call structures, and remains bullish on silver despite short-term losses from in-the-money calls.
Risk: Same duration risk as gold; author notes need to hedge winners proactively.
This newsletter, published May 15, 2026,
features Alexander Campbell
discussing GLD, AMLP, WEAT, SILVER, WTI, CORN, SLV.
7 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Alexander Campbell
· Tickers:
GLD,
AMLP,
WEAT,
SILVER,
WTI,
CORN,
SLV