Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Precious Metal»The key verification for the precious metals market
    Precious Metal

    The key verification for the precious metals market

    August 5, 20253 Mins Read


    Miners moved quite sharply higher – just as the general stock market did, but…

    All eyes on the Dollar

    There are only two charts that really matter right now – and they both feature the USD Index.

    On the above chart, we see that the USD Index corrected half of the recent rally as well as the breakout above the mid-July high. The USD Index is moving back up, which means that the test of the support levels was successful.

    The above chart shows that the short-term inverse head-and-shoulders formation was verified. This, in turn, means that while the early-August slide was sharp and – perhaps to some – scary, it didn’t change a single thing regarding USD’s very bullish outlook.

    Those formations tend to be verified in this way – by the price moving back to the neck level that was previously broken. This test serves as a proof that the breakout was not accidental. The USD Index passed this test.

    Based on this verification, the outlook is even more bullish than it was when the USD Index was just after the breakout above this formation in late July. A bigger rally is just ahead.

    This is precisely why this is the only chart that matters right now. Please move your attention back to the first chart. I already wrote about this before, but as things get volatile, it’s easy to forget about the context.

    Peak chaos still holds

    The thing is that the bigger moves in USD Index and GDXJ were aligned even if they didn’t move in tune with each other on a single day or a few of them.

    This means that yesterday’s upswing in the GDXJ is very likely just a temporary phenomenon – just as the decline in the USD Index was. The lack of invalidation in case of the USD Index pretty much tells us exactly that.

    And since it is the USD Index that drives the GDXJ and not the other way around, it is the major shift in the former that we saw in the previous weeks that really matters. Yes, gold, silver, platinum and copper can (and are likely) to decline based on the upcoming USD rally as well.

    And the best part? It’s early and you can still profit from it, especially that the Peak Chaos theory remains intact.


    Want free follow-ups to the above article and details not available to 99%+ investors? Sign up to our free newsletter today!



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    The next Minecraft update is officially “The Copper Age”

    Precious Metal

    Harmony’s profit jumps on record-high gold prices, copper plans advance

    Precious Metal

    ​​​S&P 500 hits record high while silver price bounces back, USD/JPY stays range bound.

    Precious Metal

    US Tariff Turmoil and the Performance of Copper Pipe & Tube Imports and Exports

    Precious Metal

    Bulls defend $38.00, triangle breakout in focus

    Precious Metal

    Critical Mineral Resources Firm to Begin Drilling at Agadir Melloul Copper Project

    Precious Metal
    Leave A Reply Cancel Reply

    Top Picks
    Precious Metal

    Man arrested after trying to steal copper piping from a Pueblo home

    Precious Metal

    Starck Reality: Precious Metal Pricing and Tariffs Inject Volatility into the Market

    Fintech

    LATRO étend son empreinte en Afrique de l’Ouest via un accord avec Ouranos

    Editors Picks

    Orezone Gold Corporation : Élection de Julian Babarczy au Conseil d’Administration

    June 13, 2025

    Shiba Inu Investors Now Hold This New Cryptocurrency That Positioned To 1000x

    August 7, 2024

    Unico Silver passe du statut d’explorateur à celui de développeur en se concentrant sur des projets en Argentine

    June 12, 2025

    Western miners push for higher metals prices to ward off Chinese rivals By Reuters

    July 22, 2024
    What's Hot

    Iraq becomes the first Arab country to adopt digital currency as a replacement for cash

    March 1, 2025

    Singapore Retail Scion’s Mansion Price Slashed by $5 Million – BNN Bloomberg

    October 18, 2024

    Technology Reply obtient la certification Oracle Service Expertise en intelligence artificielle pour l’Europe occidentale

    June 12, 2025
    Our Picks

    T2 Metals Begins 2024 Drill Program at the Sherridon Copper-Zinc Project, Manitoba

    August 29, 2024

    Big Michigan utilities just won rate increases. They’ll soon be ‘back asking for more’

    April 4, 2025

    3 Pros and 2 Cons Of Buying Gold To Build Retirement Savings

    May 17, 2025
    Weekly Top

    These Are My 5 Favourite Dividend Stocks to Buy Now

    August 28, 2025

    CryoGuards Success Rate Revealed [2025 Data] 

    August 28, 2025

    Fintech Rain Raises $58 Million to Fuel Stablecoin Push on Visa Network

    August 28, 2025
    Editor's Pick

    Commodity Roundup: Oil sinks along with other risk assets, gold erases early gains

    August 5, 2024

    Chemists find a new way to extract gold from your old iPhone

    June 26, 2025

    Revolut: la fintech se lance dans les distributeurs de billets

    June 29, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.