As we head into the weekly close, crude oil is sitting uncomfortably close to a 52-week closing low. If it finishes the week here, that’s not a bullish headline. That’s pressure.
Precious metals are finally breaking out relative to equities.
For the past year and a half, precious metals have done exactly what real bull markets are supposed to do: they’ve rewarded patience, punished disbelief, and steadily rotated leadership toward risk.
Base metals are entering a brand-new primary uptrend.
This entire year, we’ve been pounding the table on one idea: investors are wildly underestimating the structural shift unfolding inside base and industrial metals.