Here's the replay and chartbook from today's stream.
Note that we do these videos live every Thursday at 11 a.m. ET, and I answer questions in the chat room. Be sure to join us and maximize your return potential.
A couple of weeks ago, we talked about Silver futures attempting to emerge from a multi-year accumulation pattern and potentially retesting the former all-time high.
Last week, Silver made a new multi-decade high in absolute terms and broke a multi-year downtrend line relative to Gold.
And if the 47th element is about to blast off, we should look closer at the Junior Silver Miners.
But first, check out this chart of the Silver/Gold ratio:
Here's the replay and chartbook from today's stream.
Note that we do these videos live every Thursday at 11 a.m. ET, and I answer questions in the chat room. Be sure to join us and maximize your return potential.
Large Speculators haven't owned this much Gold since 2020. We have the data.
In precious metal bull markets, it's perfectly normal for Commercial Hedgers to offset their physical positions by shorting the underlying futures contracts.
We also tend to see the Speculators build massive net-long positions.
Check out the extreme Commercial Hedger net-short position in Gold and Silver futures:
This is as extreme as it gets. So, with the positioning so stretched, who is left to buy?
Here's the replay and chartbook from today's stream.
Note that we do these videos live every Thursday at 11 a.m. ET, and I answer questions in the chat room. Be sure to join us and maximize your return potential.
Here's the replay and chartbook from today's stream.
Note that we do these videos live every Thursday at 11 a.m. ET, and I answer questions in the chat room. Be sure to join us and maximize your return potential.