The key theme here is the relentless strength out of the precious metal ETFs.
You can see below how they're clearly inhabiting the dark green.
With Silver looking like it's about to explode higher, this theme remains a no brainer until these trends can shift.
Meanwhile, software stocks - which have been a historical area of outperformance in the U.S. markets - have weakened to red territory.
This comes as growth has given up its leadership as money has rotated into prior laggards.
Just check out how Software $IGV has fallen into a downtrend.
Compare this with the relentless bid in the gold and silver miners - it's night and day.
There is so much alpha in the precious metals space right now.
The commodity supercycle is in motion, and the biggest opportunities are still ahead. JC and Jason nailed the gold trade last year — now they’re tracking the next wave. You can catch the replay to a recent live gold strategy call to see how they’re positioning.
