Paid Daily · Resources · Ask Plutus
Gold Falls 2.7% Silver Crashes 8.7% But Uranium Breaks Out ~ Monday Market Moves
NowPress play to follow along0:00 / 29:53
Chapters17 segments · tap to seek
ticker lesson
Breakdown
0:02lesson
Weekly market review and S&P 500 analysis
- S&P 500 down .6% for the week
- Tech stocks dragged down markets
- Bull flag pattern still intact
- Bias for S&P to move up next week
1:56GOLD· ticker
Gold down 2.7% for the week
- Gold lost 3950 level
- Support levels at 3750 and 3600
- Similar to 2008 financial crisis pattern
- Need close below 3950 to confirm downtrend
3:47PHYS· ticker
PHYS down 2.8% for the week
- Red, yellow, and green lines used for buying
- Yellow line moved to 3700
- Dark green line at 3500
- Buy more as it gets cheaper
5:31GDX· ticker
GDX down 3.9% for the week
- Lost moving averages
- Support at 70 bucks a share
- RSI at 33, alarm bells
- Parallel channel likely to bounce on Monday
7:20SILVER· ticker
Silver down 8.7% for the week
- Target at 50 bucks blown through
- New support zone at 46-48
- RSI at 22, could go lower
- Stacker's dream with gradual correction
9:12PSLV· ticker
PSLV down 7.8% for the week
- Better time to get in now
- Lining up with back support
- Sprott's website for net asset value
- Same pattern on silver price chart
10:57SILJ· ticker
SILJ down 2.9% for the week
- Leverage play with good support
- Green line at 49 as target
- Good time to start accumulating
- Silver stocks before reversal
12:48COPPER· ticker
Copper down 0.4% for the week
- Trend line broken
- Weekly close below resistance
- Not so bullish on copper
- Parallel channel acting as resistance
14:37COPX· ticker
COPX down 1.6% for the week
- Parallel channel broken
- Bottom part acting as resistance
- Cautious on copper miners
- Recession risk for major miners
16:36URANIUM· ticker
Uranium up 2.6% for the week
- Bull pennant broken
- Fuel buyers convention in Texas
- Spot price moving up
- Term contracts expected to rise
18:32URNM· ticker
URNM up 1.4% for the week
- Technical bottoming pattern
- Buy when no one cares
- Sell when everyone cares
- Better fit for pure play on uranium
20:34WTI· ticker
WTI down 0.5% for the week
- Struggling to break parallel channel
- Bearish bar on Friday
- Potential retrace on Monday
- War as wild card
22:13BRENT· ticker
Brent down 3.4% for the week
- Bullish-looking chart
- Not going long or short
- Potential move higher next week
- Trump's attack on Iran as catalyst
24:04DIESEL· ticker
Diesel price up with cup handle pattern
- National average target at $7.80
- Logarithmic target at $9.20
- Affects groceries and transportation
- Price of diesel up
26:10COAL· ticker
Coal down 1.2% for the week
- Bullish chart with cup and handle
- Support around current levels
- Potential move up
- Bet on coal if recession hits
28:05PLATINUM· ticker
Platinum down 8.1% for the week
- Chart looks totally bearish
- Stink bid line at $1,100 an ounce
- Waiting on gold to put in a bottom
- Palladium also down
29:48lesson
Summary and next steps
- Next week in Rule Classroom Plus
- Questions for Rick
- Free and premium newsletter
- Spectacular sale ongoing
Informational only — this is In it to Win it’s content, decoded by Plutus. Not Paid Daily’s advice or a recommendation. The outline, timestamps, and claims are extracted from what the creator said; verify before acting.