Hosts Nick and Tony discussed the historic precious metals rally while managing through a sharp market sell-off, with Nick closing profitable positions including a NVIDIA put diagonal that went from $7 to $10. The gold segment revealed the accelerating pace of thousand-dollar moves (only 207 days from $3,000 to $4,000 versus years for prior moves), though both hosts admitted hating trading these markets despite increased activity over the past two years. The correlation analysis showed gold and silver move together (0.8 correlation) but have near-zero correlation with S&P 500 on a day-to-day basis, with silver behaving more like a "risk-on" asset due to its industrial demand. Nick capitalized on volatility expansion, taking $60 out of an SPX zero-day spread despite E-minis recovering $10 from entry, demonstrating the power of vol contraction. The session ended with Nick closing profitable TastyFX positions in EUR/JPY and GBP/JPY after taking significant pain, while noting oil's decline to $58 (lowest since April/May) and emphasizing the need to actively trade this volatile environment.