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Archive for Metals

Speculator Extremes: Yen, Live Cattle, Steel & Silver lead weekly Positions

By InvestMacro 

The latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on March 25th.

This weekly Extreme Positions report highlights the Most Bullish and Most Bearish Positions for the speculator category. Extreme positioning in these markets can foreshadow strong moves in the underlying market.

To signify an extreme position, we use the Strength Index (also known as the COT Index) of each instrument, a common method of measuring COT data. The Strength Index is simply a comparison of current trader positions against the range of positions over the previous 3 years. We use over 80 percent as extremely bullish and under 20 percent as extremely bearish. (Compare Strength Index scores across all markets in the data table or cot leaders table)



Here Are This Week’s Most Bullish Speculator Positions:

Japanese Yen


The Japanese Yen speculator position continues to be at the top of the extremes list and comes in as the most bullish extreme standing this week. The Japanese Yen speculator level is currently at a 97.3 percent score of its 3-year range.

The six-week trend for the percent strength score totaled 22.2 this week. The overall net speculator position was a total of 125,376 net contracts (just below the recent record high) this week with a bump up by 2,412 contract in the weekly speculator bets.


Speculators or Non-Commercials Notes:

Speculators, classified as non-commercial traders by the CFTC, are made up of large commodity funds, hedge funds and other significant for-profit participants. The Specs are generally regarded as trend-followers in their behavior towards price action – net speculator bets and prices tend to go in the same directions. These traders often look to buy when prices are rising and sell when prices are falling. To illustrate this point, many times speculator contracts can be found at their most extremes (bullish or bearish) when prices are also close to their highest or lowest levels.

These extreme levels can be dangerous for the large speculators as the trade is most crowded, there is less trading ammunition still sitting on the sidelines to push the trend further and prices have moved a significant distance. When the trend becomes exhausted, some speculators take profits while others look to also exit positions when prices fail to continue in the same direction. This process usually plays out over many months to years and can ultimately create a reverse effect where prices start to fall and speculators start a process of selling when prices are falling.


Live Cattle


The Live Cattle speculator position comes next in the extreme standings this week. The Live Cattle speculator level is now at a 94.9 percent score of its 3-year range.

The six-week trend for the percent strength score was 4.4 this week. The speculator position registered 117,987 net contracts this week with a weekly gain of 14,562 contracts in speculator bets.


Steel


The Steel speculator position comes in third this week in the extreme standings. The Steel speculator level resides at a 93.9 percent score of its 3-year range.

The six-week trend for the speculator strength score came in at 4.2 this week. The overall speculator position was 3,771 net contracts this week with a dip by -635 contracts in the weekly speculator bets.


Silver


The Silver speculator position comes up number four in the extreme standings this week. The Silver speculator level is at a 93.2 percent score of its 3-year range.

The six-week trend for the speculator strength score totaled a change of 14.2 this week. The overall speculator position was 60,950 net contracts this week with a small decline of -1,348 contracts in the speculator bets.


Brazil Real


The Brazil Real speculator position rounds out the top five in this week’s bullish extreme standings. The Brazil Real speculator level sits at a 90.6 percent score of its 3-year range. The six-week trend for the speculator strength score was 37.4 this week.

The speculator position was 40,349 net contracts this week with an edge lower by -372 contracts in the weekly speculator bets.



This Week’s Most Bearish Speculator Positions:

5-Year Bond


The 5-Year Bond speculator position comes in as the most bearish extreme standing this week. The 5-Year Bond speculator level is at just a 4.4 percent score of its 3-year range.

The six-week trend for the speculator strength score was -2.0 this week. The overall speculator position was -1,900,087 net contracts this week with a small gain of 5,853 contracts in the speculator bets.


Cotton


The Cotton speculator position comes in next for the most bearish extreme standing on the week. The Cotton speculator level is at a 4.9 percent score of its 3-year range.

The six-week trend for the speculator strength score was -7.0 this week. The speculator position was -54,006 net contracts this week with a decrease of -4,702 contracts in the weekly speculator bets.


Soybean Meal


The Soybean Meal speculator position comes in as third most bearish extreme standing of the week. The Soybean Meal speculator level resides at a 7.2 percent score of its 3-year range.

The six-week trend for the speculator strength score was -14.5 this week. The overall speculator position was -49,278 net contracts this week with a drop by -17,071 contracts in the speculator bets.


Wheat


The Wheat speculator position comes in as this week’s fourth most bearish extreme standing. The Wheat speculator level is at a 11.6 percent score of its 3-year range.

The six-week trend for the speculator strength score was -21.1 this week. The speculator position was -82,548 net contracts this week with a reduction of -6,069 contracts in the weekly speculator bets.


New Zealand Dollar


Finally, the New Zealand Dollar speculator position comes in as the fifth most bearish extreme standing for this week. The New Zealand Dollar speculator level is at a 16.4 percent score of its 3-year range.

The six-week trend for the speculator strength score was 9.0 this week. The speculator position was -41,567 net contracts this week with a decline by -1,123 contracts in the weekly speculator bets.


Article By InvestMacroReceive our weekly COT Newsletter

*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) were positioned in the futures markets.

The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators) as well as their open interest (contracts open in the market at time of reporting). See CFTC criteria here.

 

COT Metals Charts: Speculator Bets led by Copper & Palladium

By InvestMacro

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).

The latest COT data is updated through Tuesday March 25th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Weekly Speculator Changes led by Copper & Palladium

The COT metals markets speculator bets were overall lower this week as just two out of the six metals markets we cover had higher positioning while the other four markets had lower speculator contracts.

Leading the gains for the metals was Copper (8,912 contracts) with Palladium (190 contracts) also seeing a positive week.

The markets with declines in speculator bets for the week were Gold (-8,136 contracts), Platinum (-6,949 contracts), Silver (-1,348 contracts) and Steel (-635 contracts) also recording lower bets on the week.


Metals Net Speculators Leaderboard

Legend: Weekly Speculators Change | Speculators Current Net Position | Speculators Strength Score compared to last 3-Years (0-100 range)


Strength Scores led by Steel & Silver

COT Strength Scores (a normalized measure of Speculator positions over a 3-Year range, from 0 to 100 where above 80 is Extreme-Bullish and below 20 is Extreme-Bearish) showed that Steel (94 percent) and Silver (93 percent) lead the metals markets this week. Gold (75 percent) comes in as the next highest in the weekly strength scores.

On the downside, Palladium (42 percent) and Platinum (48 percent) come in at the lowest strength levels currently.

Strength Statistics:
Gold (75.1 percent) vs Gold previous week (78.2 percent)
Silver (93.2 percent) vs Silver previous week (94.9 percent)
Copper (65.0 percent) vs Copper previous week (56.7 percent)
Platinum (48.0 percent) vs Platinum previous week (64.4 percent)
Palladium (42.1 percent) vs Palladium previous week (40.7 percent)
Steel (93.9 percent) vs Palladium previous week (96.8 percent)


Silver & Copper top the 6-Week Strength Trends

COT Strength Score Trends (or move index, calculates the 6-week changes in strength scores) showed that Silver (14 percent) and Copper (12 percent) lead the past six weeks trends for metals. Steel (4 percent) is the next highest positive mover in the latest trends data.

Platinum (-29 percent) leads the downside trend scores currently with Palladium (-13 percent) and Gold (-13 percent) as the next markets with lower trend scores.

Move Statistics:
Gold (-13.2 percent) vs Gold previous week (-16.9 percent)
Silver (14.2 percent) vs Silver previous week (15.1 percent)
Copper (12.3 percent) vs Copper previous week (9.1 percent)
Platinum (-28.8 percent) vs Platinum previous week (3.6 percent)
Palladium (-13.0 percent) vs Palladium previous week (-17.8 percent)
Steel (4.2 percent) vs Steel previous week (28.5 percent)


Individual Markets:

Gold Comex Futures:

Gold Futures COT ChartThe Gold Comex Futures large speculator standing this week came in at a net position of 249,796 contracts in the data reported through Tuesday. This was a weekly decline of -8,136 contracts from the previous week which had a total of 257,932 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 75.1 percent. The commercials are Bearish with a score of 22.0 percent and the small traders (not shown in chart) are Bullish with a score of 74.9 percent.

Price Trend-Following Model: Strong Uptrend

Our weekly trend-following model classifies the current market price position as: Strong Uptrend.

Gold Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:61.917.010.3
– Percent of Open Interest Shorts:13.171.44.7
– Net Position:249,796-278,59828,802
– Gross Longs:316,57286,83852,852
– Gross Shorts:66,776365,43624,050
– Long to Short Ratio:4.7 to 10.2 to 12.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):75.122.074.9
– Strength Index Reading (3 Year Range):BullishBearishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-13.211.312.3

 


Silver Comex Futures:

Silver Futures COT ChartThe Silver Comex Futures large speculator standing this week came in at a net position of 60,950 contracts in the data reported through Tuesday. This was a weekly lowering of -1,348 contracts from the previous week which had a total of 62,298 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 93.2 percent. The commercials are Bearish-Extreme with a score of 5.1 percent and the small traders (not shown in chart) are Bullish with a score of 66.3 percent.

Price Trend-Following Model: Strong Uptrend

Our weekly trend-following model classifies the current market price position as: Strong Uptrend.

Silver Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:50.519.018.8
– Percent of Open Interest Shorts:14.666.67.2
– Net Position:60,950-80,70519,755
– Gross Longs:85,71232,30431,951
– Gross Shorts:24,762113,00912,196
– Long to Short Ratio:3.5 to 10.3 to 12.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):93.25.166.3
– Strength Index Reading (3 Year Range):Bullish-ExtremeBearish-ExtremeBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:14.2-13.85.9

 


Copper Grade #1 Futures:

Copper Futures COT ChartThe Copper Grade #1 Futures large speculator standing this week came in at a net position of 34,104 contracts in the data reported through Tuesday. This was a weekly advance of 8,912 contracts from the previous week which had a total of 25,192 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 65.0 percent. The commercials are Bearish with a score of 40.7 percent and the small traders (not shown in chart) are Bearish with a score of 20.3 percent.

Price Trend-Following Model: Strong Uptrend

Our weekly trend-following model classifies the current market price position as: Strong Uptrend.

Copper Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:42.128.16.9
– Percent of Open Interest Shorts:28.641.86.7
– Net Position:34,104-34,530426
– Gross Longs:106,08570,81517,306
– Gross Shorts:71,981105,34516,880
– Long to Short Ratio:1.5 to 10.7 to 11.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):65.040.720.3
– Strength Index Reading (3 Year Range):BullishBearishBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:12.3-8.4-21.3

 


Platinum Futures:

Platinum Futures COT ChartThe Platinum Futures large speculator standing this week came in at a net position of 13,558 contracts in the data reported through Tuesday. This was a weekly decline of -6,949 contracts from the previous week which had a total of 20,507 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 48.0 percent. The commercials are Bearish with a score of 48.0 percent and the small traders (not shown in chart) are Bullish with a score of 64.8 percent.

Price Trend-Following Model: Strong Uptrend

Our weekly trend-following model classifies the current market price position as: Strong Uptrend.

Platinum Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:60.022.512.7
– Percent of Open Interest Shorts:43.247.44.7
– Net Position:13,558-20,0606,502
– Gross Longs:48,41618,15410,285
– Gross Shorts:34,85838,2143,783
– Long to Short Ratio:1.4 to 10.5 to 12.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):48.048.064.8
– Strength Index Reading (3 Year Range):BearishBearishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-28.819.157.0

 


Palladium Futures:

Palladium Futures COT ChartThe Palladium Futures large speculator standing this week came in at a net position of -8,309 contracts in the data reported through Tuesday. This was a weekly lift of 190 contracts from the previous week which had a total of -8,499 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 42.1 percent. The commercials are Bullish with a score of 53.9 percent and the small traders (not shown in chart) are Bullish with a score of 71.7 percent.

Price Trend-Following Model: Weak Downtrend

Our weekly trend-following model classifies the current market price position as: Weak Downtrend.

Palladium Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:41.144.211.2
– Percent of Open Interest Shorts:81.58.16.9
– Net Position:-8,3097,420889
– Gross Longs:8,4369,0822,300
– Gross Shorts:16,7451,6621,411
– Long to Short Ratio:0.5 to 15.5 to 11.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):42.153.971.7
– Strength Index Reading (3 Year Range):BearishBullishBullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:-13.013.6-1.9

 


Steel Futures Futures:

Steel Futures COT ChartThe Steel Futures large speculator standing this week came in at a net position of 3,771 contracts in the data reported through Tuesday. This was a weekly decrease of -635 contracts from the previous week which had a total of 4,406 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 93.9 percent. The commercials are Bearish-Extreme with a score of 6.8 percent and the small traders (not shown in chart) are Bearish with a score of 43.1 percent.

Price Trend-Following Model: Strong Uptrend

Our weekly trend-following model classifies the current market price position as: Strong Uptrend.

Steel Futures StatisticsSPECULATORSCOMMERCIALSSMALL TRADERS
– Percent of Open Interest Longs:33.459.80.6
– Percent of Open Interest Shorts:24.369.10.4
– Net Position:3,771-3,86998
– Gross Longs:13,82224,720248
– Gross Shorts:10,05128,589150
– Long to Short Ratio:1.4 to 10.9 to 11.7 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):93.96.843.1
– Strength Index Reading (3 Year Range):Bullish-ExtremeBearish-ExtremeBearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:4.2-3.9-8.9

 


Article By InvestMacroReceive our weekly COT Newsletter

*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) were positioned in the futures markets.

The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators) as well as their open interest (contracts open in the market at time of reporting). See CFTC criteria here.

It Looks Like Its a Good Time To Buy This Gold Stock

Source: Clive Maund (3/27/25)

Technical Analyst Clive Maund explains why he thinks Rupert Resources Ltd. (RUP:TSX; RUPRF:OTCQX) is an Immediate Strong Buy for all time horizons.

Rupert Resources Ltd. (RUP:TSX; RUPRF:OTCQX) is an established gold exploration and development company with a substantial defined resource in, of all places, northern Finland. You can check out the fundamentals in the company’s latest investor deck, which certainly looks promising, especially given the stellar outlook for gold.

Here, we are going to concentrate on assessing the outlook for the stock.

On the 10-year chart, we can see that the stock rocketed higher in 2020 on the news of a major discovery, but then, as usual, a top formed, leading to a bear market as interest waned during the long interim period of work to bring the discovery forward. The stock overreacted to the downside, again as usual, and bottomed below CA$3.00 late in 2023 before starting to trend higher again on renewed appreciation of the company’s resource coupled with a rising gold price.

On this chart, we can see that there is considerable resistance arising from prior trading,g mostly between the current price and the CA$6.00 level, which is why the stock has advanced in a measured manner from the late 2023 low through to the present but clearly, once the price succeeds in overcome this resistance, we are likely to see acceleration to the upside.

The 18-month chart shows us the entirety of the uptrend from the November 2023 low to the present. At first, it plodded higher as it waited for the 200-day moving average to completely fall, level off, and turn up, but now the uptrend appears to be starting to accelerate in the steeper channel shown.

The decidedly bullish alignment of the moving averages, the strong Accumulation line, and the improving momentum (MACD) all augur well for continued gains going forward.

The 8-month chart shows a steeper uptrend from where it began in August of last year, and with the price having reacted back in recent weeks to the lower rail of the channel, this clearly looks like a good point to buy with all of the bullish factors mentioned in the paragraph above pointing to an imminent resumption of the advance.

Rupert Resources is accordingly rated an Immediate Strong Buy for all time horizons.

Rupert Resources’ website.

Rupert Resources Ltd. (RUP:TSX; RUPRF:OTCQX) closed for trading at CA$4.25, US$2.99 on March 26, 2025.

 

 

Important Disclosures:

  1. Clive Maund: I determined which companies would be included in this article based on my research and understanding of the sector.
  2. Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found  below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
  3.  This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

For additional disclosures, please click here.

Clivemaund.com Disclosures

The above represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund’s opinions are his own, and are not a recommendation or an offer to buy or sell securities. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund’s opinions on the market and stocks cannot be construed as a recommendation or solicitation to buy and sell securities.

Copper Co. Should Be Up Way Higher

Source: Michael Ballanger (3/28/25)

Michael Ballanger shares his view on the current state of the market and comments on the price of one of his favorite copper stocks.

The U.S. dollar index futures (+0.19%) are up to 104.14, with the 10-year yield down 0.96%) to 4.327% and the 30-year yield down 1.06% to 4.679%.

Gold (+0.70%) and silver (-0.82% ) are higher, but copper (-0.21%) and oil (-0.27%) are down.

Risk barometer Bitcoin is down 2.44% to $84,947, returning again to bear market territory, down 22.3% from the top.

Metals

Gold and silver are responding to a big hedge book blow-up by Aussie gold miner Belleview Gold, whose 150k-ounce hedge with Macquarie Bank has forced them to market with an offering priced at an 80% discount to recent market prices. Silver has once again done its best to confuse and confound by vaulting to new highs above that US$35.07/oz breakout level that faked me out a week ago with embarrassing acuity.

If silver holds this level for the weekly close above the BO point, then I will be forced kicking hard and screaming bloody murder to take another run at silver calls. For now, because I am traveling, I will refrain from launching an open position, but subscribers can certainly consider it.

Copper is coming off an overbought condition so as long as it gold $4.95/lb. basis May futures, I will remain bullish. If the monthly close is above $5.00, it is yet another superb technical indication that $6-8 copper is on the immediate horizon.

Stocks

President Trump once again skewered the stock market recovery by imposing 25% tariffs on all foreign auto imports, sending the S&P into another dive yesterday.

These are the kind of absurd gyrations we are forced to accept with this constant barrage of Tweets and Executive Orders that are putting the market in a constant state of uncertainty. Traders are not in the habit of leveraging up in markets like these, so rallies are there “to be sold” with the SPY:US an outright short at the 50-dma around $570.66.

Fitzroy Minerals Inc.

I surfaced from a very long day of travel landing at Heathrow at 8:00 am followed by six hours of missed cutoffs and unbearably narrow “Roman roads” finally arriving in Cornwall about three hours after the markets opened. I was able to follow the trading in

Fitzroy Minerals Inc. (FTZ:TSX.V; FTZFF:OTCQB) after they reported 43m of 2.31% copper with a 1.4m share day but a late-day fade after these moronic traders elected to “sell the news” taking it down from CA$0.39 to CA$0.32 in the last two hours.

I have to shake my head in belief when I told everyone that would listen that those results on their first Caballos drill hole were in every sense of the words “spectacular” and as CEO Merlin Marr-Johnson said “This remarkable intercept from our very first hole at Caballos identifies the potential of a new and significant copper-molybdenum-gold-rhenium system.”

I had calls from literally everyone in my book of mining contacts with accolade after accolade as congratulations piled in through email and text messages. In fact, one former corporate client said that the release was one of the best he had ever read for junior and that he was delighted to be able to ADD TO HIS POSITION into the pullback.

What infuriated me was that I had tweeted out the results from Fitzroy Minerals Inc. (FTZ:TSX.V; FTZFF:OTCQB) from October 2023 where they reported 45m of 1.9% copper, and then watched their stock go from CA$0.15 to CA$1.62 in the next month peaking at a market cap of $416 million.

FTZ/FTZFF reported 42m of 2.31% copper and peaked yesterday at a CA$86m market cap. Even more maddening is that BIG.V is a “one-project wonder” whereas FTZ/FTZFF has three additional projects including Buen Retiro (expected to close next week) giving them three fully-funded projects providing copious news flow for the balance of 2025.

Needless to say, I am a buyer of more stock, and I am looking into any additional weakness. I urge all subscribers to follow me. I will cross my fingers and try to add in the CA$0.28-CA$0.32 range with the undeterrable conviction that FTZ/FTZFF will be gone within twelve months at levels far higher than yesterday’s CA$0.39 high.

Add to FTZ/FTZFF. More news is pending next week, with drilling to recommence at Caballos shortly.

 

Important Disclosures:

  1. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Fitzroy Minerals Inc.
  2. Michael Ballanger: I, or members of my immediate household or family, own securities of: Fitzroy Minerals Inc. My company has a financial relationship with Fitzroy Minerals Inc. I determined which companies would be included in this article based on my research and understanding of the sector.
  3. Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found  below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
  4.  This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

For additional disclosures, please click here.

Michael Ballanger Disclosures

This letter makes no guarantee or warranty on the accuracy or completeness of the data provided. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. This letter represents my views and replicates trades that I am making but nothing more than that. Always consult your registered advisor to assist you with your investments. I accept no liability for any loss arising from the use of the data contained on this letter. Options and junior mining stocks contain a high level of risk that may result in the loss of part or all invested capital and therefore are suitable for experienced and professional investors and traders only. One should be familiar with the risks involved in junior mining and options trading and we recommend consulting a financial adviser if you feel you do not understand the risks involved.

Technical Indicators Signal Major Breakout Potential Despite Recent Price Dip

Source: Clive Maund (3/27/25)

Technical Analyst Clive Maund explains why he thinks it now may be the time to buy or add positions of Armory Mining Corp.’s (ARMY:CSE; RMRYF:OTC; J2S:FRA).

Although the price of Armory Mining Corp.’s (ARMY:CSE; RMRYF:OTC; J2S:FRA) stock has drifted off since we first looked at it early in February, its technical condition has strengthened greatly as we will see when we come to review its latest charts which means that it is more of a buy now.

Armory Mining Corp. changed its name from Spey Resources in November and is a junior company focused on exploring for critical minerals that are vital to the future of security and military applications, such as antimony, gold, silver, lithium, and various other minerals that will be in increasing demand in the future with the prospect of much higher prices for most of them. So it’s not surprising that the company’s stock has been under accumulation for many months, and especially in recent weeks, and is completing a large base pattern from which it is set to break out into a major bull market soon.

Before we look at the stock charts, which make a clear and robust case for buying Armory Mining, we will first overview the fundamentals of the company using slides lifted from the investor deck.

Armory Minerals has four projects situated in proven mining districts that have past-producing mines where the infrastructure is good. The approximate locations of these projects are shown on the following slide. Three of them are in Canada, with the remaining one in Argentina. The Ammo Property in Nova Scotia and the Riley Creek property in British Columbia are chiefly antimony and gold projects, while the Kaslo Silver property in British Columbia is, as its name implies, primarily silver, and Candela II in Argentina is a lithium deposit. . .

With the growing imposition of tariffs and trade barriers, the importance of producing antimony in North America is becoming increasingly clear since China is the dominant source of this semi-metal, and its price looks set to continue higher.

The following pages from the investor deck overview each of the projects in turn.

Since we last looked at Armory in February, there has been news that the company is to retain control of this lithium project because American Salars Lithium Inc. (USLI:CSE; USLIF:OTC; Z3P:FWB; A3E2NY:WKN) has relinquished its option to develop it.

This slide details the importance of different critical minerals to the major world trading blocs.

The company highlights are on the below slide.

On this last slide, we see that the company has a reasonable 38.2 million shares in issue.

Now, we will review the latest charts for Armory Mining.

The situation is paradoxical — although we have taken quite a hit with this since it was recommended early in February, the charts look far more bullish than they did even then for reasons that we will now examine.

Starting with the 3-year chart we see again that Armory Mining is late in a basing process following the severe bear market from September – October of 2022 through early – mid 2024. The difference between now and when we first looked at it in February is that there has been a massive buildup in upside volume even though the price has retreated somewhat that has driven both volume indicators shown strongly higher. This is very bullish and may even be described as creating a “pressure cooker” effect.

On the 18-month chart, we can see much more clearly what has been going on in the recent past. Back in February, we had thought, on the basis of the strong volume pattern and volume indicators, that the Handle part of the pattern was about to complete and that the price should advance, but instead, it broke lower and dropped back some, requiring us to adjust the boundaries of the Pan & Handle pattern.

However, although the price has lost ground, the technical picture has strengthened dramatically. This is because volume became extremely heavy with most of this volume being upside volume, as evidenced by the volume towers and also by both the volume indicators shown rising steeply. A big reason why this is so bullish is because this persistent heavy volume means that there has been a lot of stock rotation with the new buyers “locking up” a lot of stock, because they won’t be inclined to sell until they have turned a significant profit — and we can presume that they bought for a reason. What this means is that any significant influx of demand will find a market short of stock, so if they want to buy they will have to bid the price up. We will now look at the recent dip in more detail on a 6-month chart.

On the 6-month chart, we can easily see the persistent heavy upside volume as the price has drifted somewhat lower in the orderly downtrend shown and how it has driven volume indicators higher — and they have remained buoyant as the price has drifted even lower.

This downtrend has brought the price back to a zone of significant support, and we can see that the stock is already nudging a breakout from this downtrend, which looks likely to occur soon. for the reasons set out above, a breakout from this downtrend could quickly lead to a steep ascent from here.

Holders of Armory Mining should therefore stay long and this is considered to be an excellent point to buy or add to positions. The first target for an advance is the resistance at the top of the Handle approaching and at CA$0.27. The second target is another band of resistance in the CA$0.60 area with higher targets possible.

Armory Mining Corp.’s website.

Armory Mining Corp.’s (ARMY:CSE; RMRYF:OTC; J2S:FRA) closed for trading at CA$0.09, US$0.0589 on March 26, 2025.

 

Important Disclosures:

  1. American Salars Lithium has a consulting relationship with Street Smart an affiliate of Streetwise Reports. Street Smart Clients pay a monthly consulting fee between US$8,000 and US$20,000.
  2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of American Salars Lithium.
  3. Clive Maund: I determined which companies would be included in this article based on my research and understanding of the sector.
  4. Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found  below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
  5.  This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

For additional disclosures, please click here.

Clivemaund.com Disclosures

The above represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund’s opinions are his own, and are not a recommendation or an offer to buy or sell securities. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund’s opinions on the market and stocks cannot be construed as a recommendation or solicitation to buy and sell securities.

Gold Prices Hit Record Highs: New Milestones Ahead

By RoboForex Analytical Department 

On Tuesday, the price of Gold surged to an unprecedented 3,013 USD per troy ounce, marking a new all-time high. This milestone follows a prolonged upward trend, driven by heightened investor demand for safe-haven assets ahead of the US Federal Reserve’s decision on interest rates.

Key Drivers Behind Gold’s Rally

The Federal Reserve’s two-day meeting, which began today and concludes Wednesday evening, is the focal point for investors. While the base scenario suggests the Fed will maintain current interest rates, market participants are closely watching for updated economic forecasts and insights from Chair Jerome Powell’s press conference. His remarks could explain future monetary policy, particularly amid ongoing trade tensions and tariff disputes.

Geopolitical uncertainties are also fuelling Gold’s ascent. On Monday, US President Donald Trump issued a stern warning to Iran, holding it directly accountable for any further attacks by Yemen’s Houthi rebels. The group has threatened to target foreign vessels in the Red Sea, including those of the US.

Additionally, Trump announced plans to hold talks with the Russian president on Tuesday morning to discuss a potential ceasefire, further adding to the global uncertainty driving investors toward Gold.

Technical Analysis of XAU/USD

On the H4 chart, XAU/USD has formed a tight consolidation range around the 2,945 level, signalling the continuation of an upward growth wave. Today, we anticipate the price to test the 3,010 level, which serves as a local target. Following this, a corrective pullback toward 2,945 (testing from above) is possible. Once this correction concludes, we expect a new growth wave targeting the 3,057 level. This scenario is technically supported by the MACD indicator. The signal line has exited the histogram zone and is pointing sharply downward, indicating potential for upward momentum after the correction.

On the H1 chart, XAU/USD has completed the structure of the growth wave, reaching the 3,015 level. We now expect the start of a corrective move toward 2,945. After this correction, the price will likely resume its upward trajectory, targeting the 3,057 level. Upon reaching this target, we will assess the possibility of a more significant correction towards the 2,900 level. This outlook is further confirmed by the Stochastic oscillator. Its signal line is currently below the 80 level and trending downwards towards 20, suggesting a high probability of a corrective phase.

Conclusion

Gold’s record-breaking rally reflects a combination of macroeconomic uncertainty, geopolitical tensions, and technical momentum. With the Federal Reserve’s decision and global developments in focus, the precious metal remains a key asset for investors seeking stability. As the market navigates these dynamics, further milestones for Gold prices appear increasingly likely.

 

Disclaimer

Any forecasts contained herein are based on the author’s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.

Golden Milestone

Source: Michael Ballanger (3/17/25)

Michael Ballanger of GGM Advisory Inc. takes a look at gold, silver, and copper amid political shifts in the U.S. and shares two of his favorite junior developers.

This is a week that shall go down in the annals of history, the week that a “barbarous relic” under the guise of a “pet rock” took its rightful seat on the throne of superior performance, bludgeoning the wailing anchors of CNBC into actually recognizing the ascendancy of gold and its little brother, silver. As the equity markets in the United States went into virtual freefall, the same bubbleheaded, narrative-spewing cast of characters were out in force, beseeching their global viewers to not panic and instead hold on because the Fed “has your backs.”

As gold soared Thursday evening and the wee hours of Friday morning above the magical $3k level, the CNBC Fear-Greed index slumped to a reading of 16, placing it squarely into <EXTREME FEAR>, a zone from which many market bottoms were born. The lowest reading for this index was in April 2020 during the COVID Crash, when it hit a reading of 1. At that point, there was literally nobody left to sell stocks as the world was convinced that the bubonic plague was descending upon us and that humanity, as we then knew it, was doomed.

That marked the bottom of the market in 2020, after which the combination of fiscal stimulus (“cheques to households”) and zero interest rates led to record liquidity levels for the Wall Street banks and a new S&P 500 high a mere five months later. I told subscribers mid-week that now was not the time to sell their holdings and load up on put options and/or volatility. It is also not the time to back the truck into the stock market loading dock and forklift copious amounts of the “MAG Seven” into the bed. March 2025 is not March 2020 because the U.S. government no longer enjoys the privilege of being able to print money. They cannot “save” the stock market by arbitrarily slashing interest rates to zero and engaging in the fiscal helicopter drop that Ben Bernanke boasted of in 2009.

By contrast, now is the time to carefully recalibrate one’s investment objectives and/or risk tolerance profile and above all else, get liquid. With an ample amount of cash, one can survive meltdowns but with leverage and/or no cash, one is completely indebted to and victim of the vagaries of the stock market. Now, if you own gold stocks and/or physical gold or silver, you are liquid; if you do not own them, you are enslaved. I want all subscribers to be free from worry so sell enough of your non-precious metals holdings to allow uninterrupted sleep to dominate the wee hours. Stocks closed the week with a 117-point S&P rally. Into any follow-through next week, increase your cash positions.

I expect that gold will take more than a one-off overnight spike in order to surpass the $3k level as a sustained move.

I expect that profit-taking will have it in a range of $2,975-$3,025 for several more days and perhaps weeks before it can achieve escape velocity above the magic number.

Politics, Economics, and Stocks

I wish I could have been embraced more gently as a youngster to my introduction to the field of politics, but ever since November 22, 1963, and the days and weeks thereafter, I have been totally jaundiced by the mere mention of the word “politics.” When the assassin’s bullet ended the life of a truly popular and indeed charismatic president in the form of John F. Kennedy in Dallas that day, it ended for me and an entire generation of baby boomer idealism that carried an engrained belief that the United States of America was indeed the “Promised Land.”

After Kennedy came LBJ and Viet Nam, Nixon and Watergate, Jimmy Carter and the Stagflation ’70s, and then the “Reagan Miracle” that rhymes beautifully with “Trump 2.0.” In 1981, Reagan had David Stockman; in 2025, Trump has Scott Bessent. In 1981, economic advisor to the President, David Stockman embraced the media with “supply-side economics”; in 2025, Elon Musk embraces the media with the “Department of Government Efficiency” (“DOGE“).

In 1981-1982, there was “The Laffer Curve,” a theoretical model in economics that suggests there’s an optimal tax rate that maximizes government revenue, with revenue falling at both very high and very low tax rates. Yet despite all of the brainpower assisting Reagan, after two years of soaring interest rates and falling polling numbers, the Reagan Team bailed on their anti-inflation mission and opened up the fiscal and monetary floodgates in order to salvage some respectability in the mid-term elections.

The bear market ended in 1982 a mere ten weeks before the 1982 mid-term elections with a rapid and aggressive wave of monetary easing as then Fed Chairman Paul Volcker slashed the Fed Funds rate sending the S&P 500 up 40% from the August lows to early November. Needless to say, the Republicans carried the mid-terms.

With the pullback in the DJIA, S&P 500, and the NASDAQ 100 in the past three weeks, it closely resembles the end of the Reagan “honeymoon period,” which stretched from election day 1980 until May of 1982. When the bloom came of the rose in May of 1982, it triggered a nasty bear market that lasted for fifteen long months, and while it wasn’t nearly as long or as arduous as the 1973-1974 bear, the interest rate crunch bankrupted many individuals and corporations that were carrying inordinate amounts of debt.

Here in 2025, it is the government of the U.S.A. and certain commercial real estate borrowers that are carrying inordinate amounts of debt while the average household and majority of corporate balance sheets are in relatively good shape. However, as happened in 1981-1982, the Reagan-esque “new morning in America” that Trump 2.0 promised in the form of “Make America Great Again” is threatening to be preceded by “The Nightmare on Wall Street” as the fiscal juice that kept the economy chugging along through most of 2024 has now ended leaving Scott Bessent with a very ugly balance sheet and some US$8 trillion of refinancing to pull off in an environment where the usual foreign buyers of U.S. Treasuries are being hit or threatened with tariffs.

Good luck with that, Scott. . .

I stick to my call that the current market outlook is a repeat of May 1982 and based upon the 117-point SPX reflex rally on Friday, this next 2-3 weeks could be the same bull trap that snared so much prey back in May 1982 before the ravenous bear started to feast in earnest. From a tactical viewpoint, last week I covered all shorts with put positions being sold as the SPY April $600 puts went from $8.00 to $38 in three short weeks.

As you have all heard many times before, “In a bull market, you are either flat or long or very long, but you are not short.” If SPX 6,147 was THE top, then the correct move is to wait for the rally to run out of gas and then short it. However, thus far, the SPX:US is only in correction mode, which does not rule out new all-time highs. Furthermore, because this decline has been triggered by the White House policy initiatives, any moderation in the bearish rhetoric could send stocks screaming back to their February highs in very short order. For now, stay pat, stay liquid, and focus on this emerging bull market in the metals.

Metals

As much as CNBC would like to ignore the chart posted on page one showing the superior performance of gold since the Turn of the Century, if my portfolio is any indication, owning the metals has been the best trade to begin a year since 2001.

Record highs on gold with copper close behind and silver threatening a break-out. Even the juniors are now starting to capture a little of the love that has been reserved for technology and “meme” stocks.

Surprisingly, when you surf around on “X” (Twitter) or YouTube, you find interview after interview and story after story on gold and silver, but outside of Robert Friedland, there is literally nothing on copper.

Then you look up at the 2025 year-to-date performance figure, and out in front leading the charge is good ol’ Dr. Copper, up 21.59% YTD versus 17.75% for silver, 13.63% for gold, and minus 4.13% for the S&P 500.

My two largest positions just happen to be in two junior developers (Getchell Gold Corp. (GTCH:CSE; GGLDF:OTCQB) and Fitzroy Minerals Inc. (FTZ:TSX.V; FTZFF:OTCQB)) and with one developing (and expanding) a 2.317 million-ounce gold deposit in Nevada while the other has multiple copper projects in Chile, the world’s largest producer of the red metal. I am scanning the landscape for a new silver name, and I think I have found one that is relatively unknown and under-owned, which means it has upside potential.

However, until silver can scale that mountain of resistance between here and US$35.07, I am sidelined silver but happily long the copper and gold combo that have served us so well in 2025.

Remember that old adage from the School of Successful Stock Promotion: “Hang on to your cat, your coat, and your girlfriend; there ain’t no fever like gold fever!”

Copper may wish to dissent. . .

 

Important Disclosures:

  1. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Getchell Gold Corp. and Fitzroy Minerals Inc.
  2. Michael Ballanger: I, or members of my immediate household or family, own securities of: All. My company has a financial relationship with: All.  I determined which companies would be included in this article based on my research and understanding of the sector.
  3. Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found  below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
  4.  This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

For additional disclosures, please click here.

Michael Ballanger Disclosures

This letter makes no guarantee or warranty on the accuracy or completeness of the data provided. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. This letter represents my views and replicates trades that I am making but nothing more than that. Always consult your registered advisor to assist you with your investments. I accept no liability for any loss arising from the use of the data contained on this letter. Options and junior mining stocks contain a high level of risk that may result in the loss of part or all invested capital and therefore are suitable for experienced and professional investors and traders only. One should be familiar with the risks involved in junior mining and options trading and we recommend consulting a financial adviser if you feel you do not understand the risks involved.

Silver Tarnished No More

Source: John Newell

John Newell of John Newell & Associates answers the question: is silver poised for a dramatic move higher?

A Case for Silver’s Rise

Silver has long been a precious metal that plays a dual role: a store of value and an industrial commodity. With recent economic trends and historical patterns, the case for a significant price increase in silver is becoming more compelling.

Below, we outline key fundamental reasons why silver could be on the verge of a dramatic move higher, supported by two charts, one short-term and one long-term, illustrating its potential trajectory.

Technical: Silver Hits $35, Is $50 Next? And a March towards $70

The shorter-term chart shows that silver has recently achieved its $35 target and is building momentum toward higher levels.

Historically, when silver entered strong uptrends, it experienced parabolic moves. Looking at the past two major silver bull runs, if the metal were to repeat even an average of these moves (7x from its lows), silver could trade at $70 per ounce.

The long-term 50-year chart further strengthens this thesis. In previous major price surges, most notably in the late 1970s and 2010-2011, silver saw exponential growth over relatively short periods.

Given the similarities in today’s economic conditions to those times, there is reason to believe silver could be gearing up for another major bull cycle.

Fundamental Reasons for Silver’s Rise

  1. Hedge Against Inflation

Silver, like gold, is a well-known hedge against inflation. With rising inflation concerns and central banks continuing to lose monetary policies, silver provides a means to preserve purchasing power. Historically, when inflation accelerates, precious metals tend to perform well.

  1. Growing Industrial Demand

Unlike gold, silver is an essential industrial metal with applications in:

Electronics: Silver is used in high-performance electronic devices due to its superior conductivity.

Solar Panels: The renewable energy push is expected to drive increased demand for silver in solar technology.

Medical Uses: Silver’s antibacterial properties make it vital in the medical industry. As global industries expand and modernize, silver’s demand is expected to rise, creating upward pressure on prices.

  1. Affordability and Accessibility

Compared to gold, silver remains much more affordable. This makes it an attractive investment for a wider range of investors, particularly in emerging markets where gold prices may be out of reach for many. If gold continues to rise, silver could see increased inflows as an alternative store of value.

  1. Portfolio Diversification

Silver provides diversification benefits as it often moves independently from traditional asset classes such as stocks and bonds. In uncertain times, investors flock to safe-haven assets like silver, reducing overall portfolio risk.

  1. Market Volatility and Economic Uncertainty

Silver has historically performed well during periods of economic instability. If global markets experience turmoil—whether from geopolitical events, recession fears, or monetary instability, silver could benefit as a safe-haven asset.

Ways to Participate in Silver’s Potential Upside

While buying physical silver in the form of coins or bars is a traditional method of investing, there are other ways to gain exposure to silver’s expected price appreciation. Exchange-traded funds (ETFs) offer a convenient alternative:

SLV (iShares Silver Trust): The largest silver ETF, holding physical silver. It provides a direct investment in silver without needing to store it.

Sprott Physical Silver Trust (PSLV): Another option for direct silver exposure, backed by physical silver held in secure vaults.

SIL (Global X Silver Miners ETF): Holds shares in approximately 33 silver mining companies, allowing investors to gain exposure to the industry.

SILJ (Amplify Junior Silver Miners ETF): Tracks small-cap companies primarily engaged in silver mining, exploration, and development, providing leveraged exposure to silver price movements.

Additionally, several silver mining companies are currently trading at low price-to-earnings (P/E) ratios. As the silver price rises, these companies could experience a leveraged effect, potentially amplifying returns for investors.

A Modern ‘Hunt Brothers’ Scenario?

In the late 1970s, the Hunt brothers attempted to corner the silver market, causing prices to skyrocket. While modern regulations prevent such extreme market manipulation, a global shift in investor sentiment could replicate similar price movements.

Imagine a scenario where large populations, such as those in BRICS nations, turn to silver as an alternative to gold. If gold becomes prohibitively expensive for average investors, silver could become their precious metal of choice.

Potential Outcomes of a Global Silver Rush:

Surging Prices: Increased demand from millions of investors could push silver prices significantly higher.

Increased Market Volatility: Rapid price increases may lead to volatile market conditions.

Silver Mining Stocks Boom: Companies producing silver could see substantial gains.

Industrial Costs Rise: Industries reliant on silver (e.g., solar panels and electronics) could face higher production costs.

Regulatory Intervention: Governments and financial institutions may take action to stabilize the market.

Conclusion: Silver’s Future Looks Bright

Given silver’s role as an inflation hedge, its growing industrial demand, and its affordability compared to gold, there are strong fundamental reasons for its price to rise significantly.

Technically, the metal has reached its $35 target and appears to be building momentum toward higher levels. If history is any guide, a move toward $50, and even $70, is well within the realm of possibility.

For investors looking to position themselves in an asset with significant upside potential, silver presents a compelling opportunity in today’s economic landscape.

The link to a previous article on the fundamentals of silver can be found here.

 

Important Disclosures:

  1. Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found  below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
  2. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

For additional disclosures, please click here.

John Newell Disclaimer

As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it’s advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance.

Gold poised for record highs strong demand and stable outlook

By RoboForex Analytical Department 

On Friday, the price of Gold surged to 2,983 USD per troy ounce, marking a new record high. The precious metal closed the week with a gain of over 2%, driven by a decline in risk appetite and growing expectations of interest rate cuts by the Federal Reserve.

Key drivers behind Gold’s rally

The ongoing escalation of trade tensions has played a significant role in boosting Gold prices. US President Donald Trump recently threatened to impose a 200% tariff on European wines and other alcoholic beverages in retaliation for the EU’s 50% tax on US whiskey exports. This has further fuelled market uncertainty, driving investors toward safe-haven assets like Gold.

Additionally, recent US economic data, including the Producer Price Index (PPI) and Consumer Price Index (CPI), showed easing inflationary pressures in February. This has strengthened the case for potential rate cuts by the Federal Reserve, enhancing Gold’s appeal as a non-yielding asset.

Gold also benefits from robust demand for gold-backed exchange-traded funds (ETFs) and consistent purchases by global central banks. Notably, February’s data confirmed that China has increased its Gold reserves for the fourth consecutive month. These factors have overshadowed the influence of the US dollar on Gold prices, which currently plays a minimal role in the metal’s trajectory.

Technical Analysis of XAU/USD

On the H4 chart of XAUUSD, the market has confidently breached the 2,940 USD level and continues its upward momentum towards 3,000 USD, which is the immediate target anticipated to be reached today. Following this, a corrective pullback to 2,940 USD (testing the level from above) is possible. Once this correction concludes, there is potential for a new growth wave targeting 3,057 USD. This scenario is technically supported by the MACD indicator, whose signal line remains above zero and is trending sharply upward.

On the H1 chart, the market has completed the growth wave structure to the 2,940 USD level. A tight consolidation range has formed around this level, and the upward wave towards 3,000 is progressing with a strong breakout. Today, the local target of this wave at 2,990 USD is expected to be achieved, and a corrective move towards 2,957 USD is possible. Following this, further growth towards the 3,000 USD level is anticipated. Upon reaching this target, a corrective wave back to 2,940 is likely. This outlook is technically confirmed by the Stochastic oscillator, whose signal line is below the 50 level and is trending downward toward 20.

Conclusion

Gold’s rally is supported by a combination of macroeconomic factors, including trade tensions, easing inflation, and strong central bank demand. Technically, the metal is poised to test the 3,000 USD level, with potential corrections along the way. Investors should monitor key support and resistance levels and macroeconomic developments to gauge the next phase of Gold’s movement.

 

Disclaimer

Any forecasts contained herein are based on the author’s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.

Gold remains in consolidation amid ongoing market uncertainty

By RoboForex Analytical Department

On Tuesday, Gold prices hovered near 2,900 USD per troy ounce, holding steady as the US dollar weakened and demand for safe-haven assets rose. Concerns about the US economic outlook and escalating trade tensions continue to support Gold’s consolidation.

Key market drivers for Gold

Fears of an economic downturn intensified after President Donald Trump referred to the current situation as a “period of transition” in an interview with Fox News, implying that current policies may lead to a recession.

Meanwhile, trade tensions remain elevated. The US had recently delayed imposing a 25% tariff on select Canadian and Mexican goods for a month while Canada maintained its retaliatory measures. China imposed additional tariffs on some American agricultural products in response to the US tariff hikes.

Federal Reserve Chair Jerome Powell acknowledged increasing economic uncertainty but refrained from signalling an imminent interest rate cut.

This week, US inflation data will be in focus, as it may shape the Fed’s future policy outlook. The next Federal Reserve meeting is scheduled for 19 March.

Technical analysis of XAU/USD

On the H4 chart, Gold recently formed a growth wave to 2,931 USD, followed by a correction to 2,880 USD. An upward move towards 2,906 USD is forming a consolidation range around this level. A breakout to the upside could trigger a further rise towards 2,980 USD, the local target. After reaching this level, a correction back to 2,900 USD is likely. If the price moves downward from the consolidation range, a correction to 2,860 USD is possible. This scenario is supported by the MACD indicator, with its signal line positioned above zero and pointing sharply upward.

On the H1 chart, Gold completed a correction wave to 2,880 USD, and the market is now forming a new growth wave towards 2,906 USD, which is expected to be reached today. A subsequent potential pullback to 2,891 USD may occur, forming a consolidation range around this level. If Gold breaks downward from this range, a correction to 2,860 USD is possible before a renewed upward move. However, an upward breakout would open the path towards 2,980 USD. The Stochastic oscillator confirms this scenario, with its signal line above 80 and pointing firmly upward.

Conclusion

Gold remains in consolidation, balancing between a weakening US dollar and ongoing economic uncertainties. Technical indicators suggest a likely upward move towards 2,980 USD, though short-term corrections to 2,900 USD or 2,860 USD could occur before further gains. Market sentiment largely depends on upcoming US inflation data and its potential impact on Federal Reserve policy expectations.

Disclaimer

Any forecasts contained herein are based on the author’s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.