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. 

Gold futures have been relentlessly rising and printing new all-time highs. The precious metal is now overbought on a 14-day, week, and month RSI. 

We've recently seen Palladium rip over 20% in a few days and momentum thrusts for the Junior Gold & Silver Miners ETFs.

With this new Gold bull market now almost 7 months old, maybe it's time for Silver futures to break out of their multi-year range.

Let's talk about it:

Last week, Palladium surged nearly 20% after we discussed buying the futures, and Gold reached a new all-time high.

In response, precious metals mining stocks ripped higher for their best week since 2020.

The momentum behind some of these moves is absurd. For example, CDE, GATO, AG, and NGD all rallied over 30% last week.

Let's talk about what we're doing about it:

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.  

Last month, we discussed the Palladium ETF $PALL hitting fresh 7-year lows, breaching a critical support level.

However, the bears could not gain any downside momentum, and it seems like we're nearing a cyclical trough.

Commercial hedgers have never carried a larger net-long position. Historically, it has been prudent to not bet against the smart money in commodities markets.

And one of our favorite long-term momentum indicators, the monthly MACD, has now given us a buy signal. That said, it's still a bit messy in the short term.

Let's talk about it.

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.