Gold & Silver outperforming Miners (GDX / GDXJ) | Fast Portfolio Update

Gold & Silver outperforming Miners (GDX / GDXJ) | Fast Portfolio Update

so obviously gold and silver have come
down the last two days today they
actually closed green very bullish stuff
especially the miners that’s what I
wanted to bring up really today the
miners and also yesterday yesterday I
don’t know if it was a better day than
today even though today was green
yesterday I didn’t make a video I
actually wanted to to pronounce the
following the miners seriously
outperformed in my opinion the medals
yesterday on the big red day you know I
had a lot of stocks that were down to
two % 1% some of these silver you know
first Majestic uh off the top of my head
Fortuna I’m guessing now K dlen you know
some of the mid tier usually very uh I
don’t want to say speculative but the
very sensitive ones you know they were
just down 1 or 2% I couldn’t believe it
silver was down more you know when you
have silver down two 3 4% these silj
stocks like forun exk they should be
down like 789
they were down two or one that was just
remarkable stuff and today I mean the
medals were red at the beginning they
closed green and you know all the medals
had a great day like up 1 2 3 four 5%
some of them so that’s all I really want
to say the one other thing dxy yields
yeah some days you know yields go up
gold goes down a little bit but I just
feel like overall gold and silver don’t
care anymore you you know obviously this
whole move up in the dollar we’ve seen
gold just do amazing so we know it’s
dislocated but you know the fact that
dxy today we close a low day normally
we’re going to go down probably retest
this prior breakout 105 is z that’s what
should happen anything can happen but I
feel like it doesn’t even matter I do
feel like dxy going down should help
gold but maybe that’s a safety off trade
you know oh war is no longer as dramatic
as we thought so overall I just don’t
really care about the dxy until I do
maybe it starts to come back in a more
obvious way you know then I’ll pay
attention to it more I pay attention to
it every day but dxy yields normally I
spend quite a lot of time on those but I
mean I I do care because I think they
have an effect on the markets I
basically I think doll yields will go
higher I think yields will go higher I
know there’s news and bad news is good
news and all this but overall I feel
like yields are going up I mean that’s
the trend here and I feel like they have
to but I think gold even historically
gold doesn’t care about yields going up
if anything it kind of likes it so
yields going up maybe they come down a
bit but overall I think we’re going to
end up testing the highs again then
we’ll see maybe the FED capitulates but
the dollar also you know overall I think
it will go up a little bit but for now
bll going up gold and silver don’t
really care and I love that there’s
nothing better than yields and the
dollar going up and gold going up with
it likewise I like gold and silver
coming down and the mind is coming down
less or even being green I mean I I
don’t you know this is just colossal as
a move up I like a healthy back test I
feel
like well this is a hell of a hammer
right I’m looking at gold now on The
Daily basically we closed here on that
low that 23 20 sort of the low down here
it’s kind of the line I drew maybe I got
lucky on that I kind of but whatever it
doesn’t matter the point is that’s a
great hammer you know kind of suggest
you want to go back up and then who
knows do one of these but even if we
come back down and obviously it doesn’t
take this long things happen a lot
quicker it’s just so it’s easier to to
see what I’m talking about even if we
come back down I think
overall you know we want to go back up
and I think this is just going to keep
going up this is obviously the trend is
obviously our friend the trend is up
it’s a serious breakout I’m just a
little surprised how fast we bounce cuz
it’s like oh here comes the flash right
yesterday that’s what it was all about
it was okay the top is in the short-term
top how much do we drop and then today
look at that by the dip basically
unchanged by the end hence the hammer
silver same sort of
thing unchanged actually green very nice
perfect stuff you know really perfect 27
we didn’t even go back to test 26 26 was
obviously the real support that was the
real resistance for
months years no months H you could say
years actually but you know know support
is stronger so all those people waiting
at
26 or even just above 26 if you’re
trying to be smart like I would now
27 and this just this just looks strong
who knows it can go lower 26 should be
very strong though let’s be honest
should be very strong I think there’s a
lot of dip buyers here I would be I
didn’t buy anything here I actually
wanted to to dip more uh but look at G
okay I’ve moved on to GDX look at this
though this this is the 26th equivalent
on on Silver if you will
obvious resistance I’ve had this line in
for ages obvious support just on the dot
silj on the dot yesterday too right the
only reason I didn’t buy is because I’m
in the middle of a transfer which should
be completed this week but I don’t I
don’t really care I’m happy with what
I’ve got I nibble a little bit out
actually I’m not I wish I’d bought I
wish I’d bought it’s just a little bit
of laziness a little bit of me waiting
for this transfer to be complete any
moment now but this is clear support I
did think that maybe golden would go
lower but
very very impressed with the dip buying
the point is the miners look at this 2
and a half% beautiful on a day where
they’re onchange that’s serious
outperformance yesterday it was the same
thing I know it was on a red day but it
was the same thing let’s look at some of
these miners real quick okay new mon not
the best
um to choose from because that was
actually really weak uh yesterday was
average week I think it was down like 3%
today unchanged so basically overall
down 2% in the last 2 days still
outperformed relatively speaking the
medal
bar gold that’s um I did okay today
obviously better than new month but not
the best of the bunch AO Eagle though
look at this one it’s like one day away
from a new all time you know what I mean
by new alltime high very very strong
Pan-American silver okay it’s okay um
but to be honest it’s had a crazy
catapult move up but I was expecting
something better actually from Pan
America but I think it takes two days to
reach the top actually if we do oh I R
test 30 on on Silvera I think these will
just scream up I think that’s the signal
everyone was waiting for like how much
of a pullback do we get but if Sila
starts to run to 30 everyone’s just
going to chase this train out of the
station ssrm by the way looks really
good really good closed
um closed near that I nibbled some out
of 549 believe it or not today um it’s
just a sell I I left in after a few days
ago or
something this one I’m sure tomorrow
will be basically 586 or something even
if gold doesn’t move this one just looks
like it’s on its own trajectory ssrm is
probably the strongest looking out of
them all weaton I didn’t realize I was
going to do a quick portfolio update but
weaton very good look at that close at
high of day just done miraculous stuff I
need to clean this
up ween looks really good surprised you
know it’s kind of a
defensive heavy mover but it’s done very
well theala that’s underperforming it is
what it is I don’t want to add to it
I’ve got enough in it Frank nada I
missed that one out that’s okay too for
a big one that’s got to close above 124
first Majestic though look at this all
this is something I was saying maybe it
gets down there I thought 650 or even
low six is basically descending right I
was off by a few millimeters like 5
cents perfect I mean I should have
bought that I should have that I could
probably still buy that actually but
this is relevant now looks really good
this one technically and this is
actually relevant it’s the ascending
that’s counted more that’s nice and
clean that’s really good exk look at
that that’s one decent day away from
retesting his 310 level really good what
about my K this is not in the usual
order you know the silver stocks yeah
they went down quite a bit but silver
got crushed like 5 and a half% yesterday
so fair enough look at that how much are
we off from the
highs okay 16% that’s quite a bit but
that’s K that takes one and a half days
to to reverse so you know ex CDE Fortuna
that one’s quite
good you can see that one’s a bit
stronger that’s one day away basically
one two Max three days away from being
at $30 civil test silver test levels
once that happens and you know where
silver is I mean look Silver’s kind of
far from getting its 30 test imagine we
start you know imagine tomorrow for
whatever reason or just the end of this
week we’re testing here this is
obviously going to be a bit of resistant
by the 29 you can see it’s like the high
besides this one day we’re testing 29
where are these silver stocks going to
be they’re going to be plus 20% from
where they are now you know let’s look
at mag Sila not my favorite look at that
that’ll be a new alltime high by 29
probably be all the way up here and I
don’t like this stock actually there’s
much better so let’s look at Heckler you
know that’ll easily be above this by the
time 29 or probably there but by 30
they’re all making new highs so I think
what I’m trying to say in this one I am
gold very nice this is not really silver
related armn another one look at that
new all time new period high so these
stocks are outperforming the
medals the ones I don’t own actually got
crashed on quite a lot yesterday Harmony
that looks okay now Ang
gold NOA gold also got
decked but still even the ones that are
destroyed they outperform the medals I
think that’s my point right I don’t want
to make it too long point is the last
two days including yesterday which
supposed to be disastrous I enjoyed
yesterday I enjoyed seeing silver down
5% gold was down like two or something
and I got these miners that usually get
demolished they’re down to 3% Max I
thought well this is a good day and then
today you’ve got hammers in the medals
and you got these guys up as if the
medals were up 3 4% so that’s it I’m
repeating myself I loved it what do you
think dollar yields irrelevant may
become relevant later the market I know
that bounced but that was having a bit
of a disaster last couple of days is
that having an impact we don’t seem to
care about that I love that you know the
markets were immune to the dollar we’re
immune to yields we’re immune to I mean
famous last words but normally we’re
very sensitive the miners by we and
those three we just don’t care we’re in
our own bull market and the trend is
your friend and we’re already reversing
to go back up I want it to go
down but I don’t mind if it goes up
right worst case scenario make a lot of
money not bad all right good evening

Just a real quick recap of the metals and miners, as well as individual stocks, in light of the last 2 days (the so called drop)… i consider the whole event so far as very bullish and healthy, especially for miners… also, anyone else notice we are overall relatively immune to the markets, USD and yields?

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