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Michael Covel's Trend Following

Ep. 1370: Merry Christmas Metals with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6732 Ratings

🗓️ 22 December 2025

⏱️ 15 minutes

🧾️ Download transcript

Summary

Please enjoy my monologue Merry Christmas Metals with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

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I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.

To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/

You can watch a free video here: https://www.trendfollowing.com/video/

Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Transcript

Click on a timestamp to play from that location

0:00.0

What a time to be alive.

0:02.0

December 2025,

0:05.0

approaching Christmas,

0:07.0

another year in the tank.

0:10.0

And trend following, doing the dirty work,

0:13.0

doing what it's supposed to do,

0:15.0

following the trends when they happen,

0:18.0

and surviving when the shit hits the fan. We all saw early 2025, Trump and his tariffs,

0:27.0

absolutely no good for trend following. No good for anybody unless you had some inside information.

0:34.4

But that quickly subsided and then the trend started to build. And we all know, it's the metals.

0:40.2

Gold, silver, platinum, palladium, copper. How much do you know about the fundamentals of any of those?

0:48.0

Oh, they use them in computers. It's for jewelry. Gold and silver have gone up massive amounts. 60%, 100%. Are you kidding me?

1:00.7

No, that's what happened. That's reality. Was that predictable? No. It just happened. It's so hard for people to accept, but it's life in the markets. Let's just say you

1:13.3

don't know anything about the markets. You don't know anything about trading. But you hear the

1:18.1

CNBC. You hear the Bloomberg. You read your newspapers. You talk to your broker. And it's all

1:23.2

about a message, all about a narrative, all about what will happen tomorrow because I'm so smart

1:28.6

and I heard this news and blah, blah, blah, and it's all bullshit. We know it's all bullshit.

1:34.9

But what's the alternative? Alternative is the middle name for trend following. It is an alternative

1:42.7

trading or investment opportunity. And when something happens,

1:48.1

like we're seeing in the last few months with the metals, this explosion upward, now don't get

1:55.0

caught up about whether or not it's a bubble. It could be very well damn a bubble. So what? You can make money in a bubble. Now, if you ride the bubble up and ride the bubble down, you don't make any money. True that, that's not what trend following does. Remember, trend following is the strategy that says, we can't predict a damn thing. If we get some momentum, if we get a signal to enter, we will take that entry.

2:21.6

We don't know what's going to happen next, but we're on board.

...

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