From the Desk of Ian Culley @IanCulley

Investors are dropping gold and silver like they’re hot.

But don’t let the sellers push you toward the exit.

It might look ugly, but a corrective period following gold’s vertical rally to our initial target sounds about right.

Plus, three of our current long positions – Harmony $HMY, Wheaton $WPM, and Kinross $KGC – posted new 52-week highs Thursday. 

I expect the new highs list to expand as gold and silver work through overhead supply in the coming months.

Instead of sweating today’s selling pressure, I’m placing orders to buy the following two mining stocks on a breakout…

From the Desk of Ian Culley @IanCulley

Investors are dropping Gold and Silver like they’re hot.

But don’t let the sellers push you toward the exit.

It might look ugly, but a corrective period following Gold’s vertical rally to our initial target sounds about right. Plus, three of our current long positions – Harmony $HMY, Wheaton $WPM, and Kinross $KGC – posted new 52-week highs Thursday. 

I expect the new highs list to expand as Gold and Silver work through overhead supply in the coming months.

Instead of sweating today’s selling pressure, I’m placing orders to buy the following two mining stocks on a breakout…

First up, Silvercorp Metals $SVM:

The media is showering gold and precious metals with attention.

I get it. New all-time highs capture eyes. 

But you can’t leave copper and base metals out of the story…

From the Desk of Ian Culley @IanCulley

Readers often ask how long it will take for an open trade to reach our target. 

I wish I knew. 

Only the market can answer that question, as gold did last Friday…

From the Desk of Ian Culley @IanCulley

Readers often ask how long it will take for an open trade to reach our target. 

I wish I knew. 

Only the market can answer that question, as Gold did last Friday…

Six weeks!

It was only a matter of weeks — not months, not quarters — before gold futures hit our first objective:

What a face-ripper!

Nobody is paying attention to platinum.

It’s easy to overlook while gold shines and silver rips. But during the last commodity supercycle, platinum traded at a premium to the famous shiny yellow rock (and still does regarding retail jewelry).

Platinum was a powerhouse!

New all-time highs have a funny way of shifting perspectives.

Not too long ago, many considered gold a “dumpster fire,” a “hot mess,” or an “opportunity cost.”

All were fair assessments. 

Everything changed last month when gold rocketed to its highest recorded level.

Yet, for some reason, investors weren’t buying into its strength.

But a 12% gain over the past five weeks has quickly turned reluctant investors into ravenous speculators.

From the Desk of Ian Culley @IanCulley

New all-time highs have a funny way of shifting perspectives.

Not too long ago, many considered gold a “dumpster fire,” a “hot mess,” or an “opportunity cost.”

All were fair assessments. 

Everything changed last month when gold rocketed to its highest recorded level.

Yet, for some reason, investors weren’t buying into its strength.

But a 12% gain over the past five weeks has quickly turned reluctant investors into ravenous speculators.

From the Desk of Ian Culley @IanCulley

Commodities are hot.

Even the most ardent tech investors can’t avert their gaze from Gold’s eye-catching new highs. 

If you find yourself unprepared, don’t be alarmed. We have a plan…

Buy base breakouts.

Check out coffee futures ripping above a shelf of former highs:

We often joke that catching base breakouts like this gets us out of bed in the morning. (It’s the best part of waking up.)   

From the Desk of Ian Culley @IanCulley

People are asking me if gold's breakout is the real deal.

All I can do is smile, state my bullish outlook, and draw a line in the sand.

Of course, I can’t resist adding an obnoxious upside target or two (the higher, the better).

Hopefully, it sounds simple. That’s the goal! It never pays to overcomplicate price action…. 

If you’re still wondering whether precious metals are a viable investment despite gold’s new all-time highs, let’s identify the underlying trend…

From the Desk of Ian Culley @IanCulley

People are asking me if gold’s breakout is the real deal.

All I can do is smile, state my bullish outlook, and draw a line in the sand.

Of course, I can’t resist adding an obnoxious upside target or two (the higher, the better).

Hopefully, it sounds simple. That’s the goal! It never pays to overcomplicate price action…. 

If you’re still wondering whether precious metals are a viable investment despite gold’s new all-time highs, let’s identify the underlying trend…

The gold rally off the 2018 lows led to a multi-year consolidation that is now resolving higher — uptrend intact. 

Plus, what an impressive stick from gold last month: