Gold's 4-month plus formation is still in the process. This is the longest formation by duration since this bull run started back in October 2023. We just have to wait for the resolution of this formation with apex late August very early September...

With very few days left until clearance of September 2025 silver futures contracts, there is massive 59.4k contracts still outstanding. A questions mark. Is silver going to form a slingshot to $35 plus area and then rally or rip higher straight ahead leaving most who expect a dip

Silver is forming another contracting triangle formation...

This is chart of senior gold miners GDX. So far since August 1, GDX is up 12% while it lost in July 3%. So far so good...

After March 2025 sell-off, Chinese auto maker NIO Inc has been nowhere until recently. NIO is attempting to breakout form a nearly 2-year bullish wedge. After many false breakouts and recent economic confrontation between USA and China, there is little faith, however, it is

With gold down 0.3%, senior gold miners GDX is up 1.5%

Senior gold miners GDX finally breaks out from a 3-week formation...

NIO Inc added more than 10% today. Looks like the big rally started. Back in 2020, NIO tripled in price over 35 day period during the initial part of rally. I would not be surprised if NIO triples from present price level by late September reaching first major resistance around

Senior silver miners SIL recovered entirely over the past two days Wednesday dump. Today silver is up 0.5%, SIL gained 1.8%. Looks like it was a single day shakeout...

Gold broke out from a 2-week bullish descending wedge, but there was no upside price development. Today is a third Friday in August - option expiration day. Most likely not very positive day for stock market particularly for PM sector...

Since start of August up to date, gold gained 1.1% while senior gold miners GDX added 15%. Figures and facts tell a lot...

Meanwhile silver has been forming a month-long contracting triangle. Today is Friday so do not expect much, but welcome surely surprise upside breakout...

Senior gold miners GDX grinding higher towards all time high dated September 2011 and as well to its immediate resistance, which is within 13%...

6.1k September silver futures contracts were rolled into the next active month on f December 2025. The process is accelerating, but silver price is grinding higher, which is a very good sign. Silver has 3-4 days left until it is out of woods…

Spot silver is above $39. Magnificent…

Gold is up better than 1% today and presently within 0.5% from a 4-month resistance. Breakout is going to be epic...

Nio Inc is up nearly 30% since I posted the breakout just in a couple of days. I think it is not going to stop anytime soon...

Silver's decisive breakout from a month-long consolidation. Miners are supporting the rally. Looks like flash crash is aborted for now...

Excellent day for the previous metals sector festive 3rd Friday. Gold bugs are going into weekend with a positive mood:)

Gold could breakout already next week from a 4-moth consolidation. Both precious metals could form a parabolic rally upon breakout…