From the Desk of Ian Culley @IanCulley

Just a week ago, we captured the entire precious metals space in a single sentence: 

"Nothing bullish is happening for precious metals, while silver slides below multi-year support."

Is it really that simple?

Let’s take a look at an interesting development in precious metals that might change our minds…

Silver futures slide to multi-month lows, undercutting a critical shelf of former support.

Regardless, we believe precious metals and their related stocks ultimately resolve higher, printing fresh all-time highs.

But before we can put money behind this bullish thesis, interest rates and the US dollar need to stop rising.

Check it out:

From the Desk of Ian Culley @IanCulley

Silver futures have undercut a critical shelf of former lows.

I find it difficult to hold a bullish bias for precious metals and mining stocks, at least from a tactical perspective.

And when I zoom out to longer time frames, overhead supply looms large across the entire space.

Understand, I believe precious metals and their related stocks ultimately resolve higher, printing fresh all-time highs. 

But before we can put money behind this bullish thesis, these next three charts need to throw it in reverse…

The stage is set for an epic rally. The catalysts are in place.

Yet messy conditions persist as we await ignition and blast off.

Regardless, we can use the current environment to find the most buoyant and promising names.

Check it out...

From the Desk of Ian Culley @IanCulley

With the dollar beginning to rise, gold and silver are coming under some selling pressure.

Nevertheless, these shiny rocks and their related mining stocks are hanging tough.

Instead of getting bent out of shape, I plan on using the recent bout of selling as an opportunity.

When markets come under pressure, it’s time to identify the most resilient names. 

Why? 

The strongest stocks will likely lead the next leg higher.

Some call it the “beachball” effect. These names tend to rip higher after sellers fail to submerge these stocks.

And I have a potential beachball of a gold mining stock I want to share with you today…

It's the weekly Gold Rush!

This week Strazza and I dig into the COT profile for Gold and Silver, revealing the sentiment behind the smart money.

Check it out...

From the Desk of Ian Culley @IanCulley

What will ignite a precious metal rally to new all-time highs?

We often discuss the dollar and real yields as critical catalysts for a sustained uptrend for gold and silver. It’s simple: These shiny rocks will struggle if the dollar and rates continue to rise. 

But there’s more.

I want to share another crucial piece of the puzzle – commercial positioning.

It's the weekly Gold Rush!

This week Strazza and I highlight critical levels to keep on your radar in the coming days and weeks. 

Check it out...

From the Desk of Ian Culley @IanCulley

The dollar is back and on the move.

After falling for four straight months, the US dollar index $DXY is up three days in a row. Whether the near-term dollar strength turns into a more sustained trend is anyone’s guess.

Regardless, risk assets feel the pressure as many areas begin to correct, including precious metals. 

Despite this recent selling pressure, we have clear levels to trade against when it comes to Silver and mining stocks.

It's the weekly Gold Rush!

While Gold futures digest overhead supply, strength broadens across the metals space.

Check it out...

From the Desk of Ian Culley @IanCulley

Plenty of gold bugs have Krugerrands buried in their backyard or basement –  if not secured in a safety deposit box at their local bank.

It’s no wonder gold falls under the “end-of-the-world” category of assets.

Regardless, gold prices can also rise with risk assets.

I raise this point not only as an important reminder but because it’s pivotal to understanding our bullish thesis for precious metals.

It’s a metals story….

It's the weekly Gold Rush!

The intermarket landscape provides favorable conditions for precious metals as the US dollar experiences an unabated decline.

Check it out...