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The PM’s are so strong that the desired one or two day backtest has been minimal. If the PTB were able to smack them down, they would have done so by now. They will be going higher from here. They may be more managed, in a slower rise, but the only way there could be a real big downdraft, would be if stocks crashed and that is becoming less likely, in the short term. Stocks probably will selloff, but again, are probably being supported, so it doesn’t become a rout. Those telling you that major corrections in Gold & Silver are coming, are the same ones who were saying the same thing before these latest legs higher. Many of them have been saying it for most of 2025 and been completely wrong. Of course, there is a big difference in what you actually put your capital into. Physical metal and silver over gold, for this phase. ETF’s and select miners are more for trading, to make more fiat, to stack more metal, and even then, in much smaller size, because they can blow up for numerous reasons. Be long, be strong and enjoy the ride.
Agreed. We have a real physical shortage, so fundamentals definitely trump charting. Right now, we are at about $5/oz in 1980 dollars! We have a long way to go!
Don’t know what just caused this air pocket over the last few minutes? Watch to see if we can takeout $59 and above. That would be a signal for a big upside surge if this turns out to be a quick toilet flush that gets reversed.
Today is probably going to be acknowledged as the beginning of what a number of analysts have called a MAJOR CAPITAL ROTATION EVENT! That quick selloff in everything after the ADP job number should now begin the phase where stocks fall from here while the PM’s explode higher.
The government is pledging another $235 million in funding for Ukraine, with National Defence Minister David McGuinty and Foreign Affairs Minister Anita Anand announcing Canada’s latest commitments.
McGuinty says Canada will work with NATO allies to purchase a package of critical military capabilities sourced from the United States valued at around USD $500 million.
The war will not end….
NATO Chief Rutte says next year countries need to give “a lot of money… more than $1B a month” to purchase offensive and defensive U.S. weapons, through PURL, “to keep Ukrainian civilians and civilian infrastructure safe.”