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Gold Falls 3.7% and Silver Drops 6.8% as Uranium Rises 0.5% ~ Monday Market Moves

decoded from In it to Win itmixedMarket UpdateWatch on YouTube
NowPress play to follow along0:00 / 28:13
Chapters27 segments · tap to seek
ticker lesson

Breakdown

0:02lesson

Week in review and break

  • Steve Barton takes two weeks off
  • Pre-recorded technical analysis videos
  • Market bias up next week
  • DXY up 0.9%
  • 10-year yield up 2%
  • 30-year yield up 2%
1:42DXY· ticker

DXY — up 0.9%

  • DXY up 0.9%
  • Trend line failed
  • Retrace to trend line expected
  • Bias up next week
3:3710-year yield· ticker

10-year yield — up 2%

  • 10-year yield up 2%
  • Last time yields this high was 2002
  • Bias for reversal next week
5:2230-year yield· ticker

30-year yield — up 2%

  • 30-year yield up 2%
  • Last time yields this high was 2002
  • Bias for reversal next week
7:12TLT· ticker

TLT — bias down

  • TLT trade on yield revert
  • Chart looks like falling knife
  • Bias down next week
9:03Gold· ticker

Gold — down 3.7%

  • Gold down 3.7%
  • Failed 61.8% retracement
  • Bare flag pattern
  • Bias down next week
11:01PHYS· ticker

PHYS — down 3.5%

  • PHYS down 3.5%
  • Contango
  • Buy more as it gets cheaper
  • 15% target allocation
13:01GDX· ticker

GDX — down 5.5%

  • GDX down 5.5%
  • Gap fill below $80
  • Bias up next week
14:56Silver· ticker

Silver — down 6.8%

  • Silver down 6.8%
  • Head and shoulders pattern
  • Support around $58
  • Bias down next week
16:51PSLV· ticker

PSLV — down 7%

  • PSLV down 7%
  • Second chance for silver
  • Bias down next week
18:45SILJ· ticker

SILJ — down 6.8%

  • SILJ down 6.8%
  • Retracement to 61.8%
  • Bias down next week
20:24Copper· ticker

Copper — down 3.2%

  • Copper down 3.2%
  • Topping tail
  • Bias down next week
22:18COPX· ticker

COPX — down 1%

  • COPX down 1%
  • Retracement between 50% and 61.8%
  • Bias down next week
24:07Uranium· ticker

Uranium — up 0.5%

  • Uranium up 0.5%
  • Bull penant pattern
  • Bias up next week
25:53SR UUF· ticker

SR UUF — up 1.1%

  • SR UUF up 1.1%
  • Discount to NAV
  • Bias up next week
27:40URNM· ticker

URNM — down 3.5%

  • URNM down 3.5%
  • Double bottom pattern
  • Bias up next week
27:41WTI· ticker

WTI — down 1.3%

  • WTI down 1.3%
  • Bare flag pattern
  • Support at 200-day MA
27:42Brent· ticker

Brent — up 5.1%

  • Brent up 5.1%
  • Bull flag pattern
  • Bias up next week
27:43XLE· ticker

XLE — up 1.3%

  • XLE up 1.3%
  • Head and shoulders pattern
  • Bias down next week
27:44Natural Gas· ticker

Natural Gas — down 4.3%

  • Natural Gas down 4.3%
  • Trend line holding
  • Bias up next week
27:45FCG· ticker

FCG — down 1%

  • FCG down 1%
  • Fibonacci retracement at 61.8%
  • Bias up next week
27:46Coal Pacific Thermal Cold· ticker

Coal Pacific Thermal Cold — up 2.8%

  • Coal Pacific Thermal Cold up 2.8%
  • Cup and handle pattern
  • Bias up next week
27:47Metal· ticker

Metal — down 5.6%

  • Metal down 5.6%
  • Bare flag pattern
  • Bias down next week
27:48Platinum· ticker

Platinum — down 4.4%

  • Platinum down 4.4%
  • Broke trend line
  • Bias down next week
27:49Palladium· ticker

Palladium — down 8.1%

  • Palladium down 8.1%
  • Double bottom pattern
  • Bias down next week
27:50Nickel· ticker

Nickel — down 5.2%

  • Nickel down 5.2%
  • Trend line failed
  • Bias down next week
27:51Pick ETF· ticker

Pick ETF — down 1.1%

  • Pick ETF down 1.1%
  • Retracement at 61.8%
  • Bias up next week

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.