Ratio charts, especially long-term charts like the monthly ones below, often tell us when very significant trend changes have occurred. Money is flowing into gold (GLD) and miners (GDX), and out of the general stock market. Because these charts go back many years, I expect these new trends in favor or precious metals and their miners to continue. Likewise, the stock market could weaken further, but even if all the liquidity (money-printing) they have added to the system keeps the stock market afloat, that just implies even higher prices for metals and miners. I added to a few positions yesterday before the close, like EXK, CDE, GLGDF, JAGGF, and ANPMF.

The charts speak for themselves, miners, gold, and silver are the place to be. Sitting tight with everything, after having added small amounts here and there over the last several day pullback. Subscribers can access actual account statements that include all trading activity, current positions, and both realized and unrealized gains and losses, information worth its weight in gold, and something no other site is willing to do. If they really make money alongside their claims, why not show their subscribers the actual data instead of making outrageous claims and expecting people to believe and act on it. Before you follow anybody’s actions or advice, shouldn’t you be sure their claims are true? Just a thought, as almost nobody wanted to touch miners in the last year and longer, but the higher this bull runs, the more people you will notice are out there touting themselves as having been in front of it the whole time. Just ask to see their statements, and watch what happens!

Today is Thursday March 27, 2025, and the metals and miners look like they are going to gap up higher when the markets open. Today, tomorrow, and Monday are especially important because Monday will be the end of the month and first quarter of 2025 as well. The way things are shaping up, if gold, silver, and the miners can hold up or make further gains, the longer term charts are going to be as pretty as the GDX chart below. As I recently mentioned, longer term break outs and trends are more significant, and thus have larger implications for the future direction and distance of potential moves. It’s time to buckle up again, as more people realize that SGDM (Sprott’s miner etf) was the best performing etf of all in Q1 (according to Zacks, it was up 31.6%!), it will bring in more buyers to the group, and we might get a real rocket ride!

Longer term chart breakouts have more significance than nearer term charts, but they don’t help much as far as timing. SIL has broken its long term downtrend, very clear to see, the only question is when to get long? We are already heavily long here, but if we weren’t, it would be tough to know when to buy since miners have had a massive run over a short period of time. Usually that is not the best time to buy, on the other hand, the strongest moves with the largest gains typically occur in dramatic fashion, up day after day, and certainly week after week, with only a sharp one or two day pullback here and there.

On that note, we have had a two day retreat in miners, and while I would normally like to see technicals reset before entering, this might turn out to be as good a time as any, to buy so one can enjoy the rest of this move. I refer to the expected move in silver and miners (gold too, but to a lesser extent since it has already rocketed), that should move silver up to the $45-$50 range. One has to be prepared for further downside when they buy up here, but with proper position sizing and the confidence brought about by all these breakouts we are witnessing, this should prove to be another opportunity to get long for the ride. The chart below is the SIL (larger cap silver miners) etf. We don’t own this one, but have several of it’s components as holdings in our portfolios. As a side note, I will look to short some groups like technology, cryptos, and other things that have run too high during the period of easy money from the Fed. But that is for a later date, and I will only short into bounces. Thus far, the miners have treated us very well and my focus remains there. I might even add to our PSLV etf, as well as our silver futures before the week is over.

SIL has a solid breakout if it closes over this 14 year down trend line, which looks very likely at this point. One more confirmation the big bull is in force, and I will remind readers that there is no bull like a silver bull market.

A quick look at the two major gold miner indexes, shows HUI having just cleared the 351 level, significant as its the highest WEEKLY close in many years. After that, not much resistance until it gets up to the 639 area, an extra 82% rise from already excellent gains. Lets see where the HUI closes the week, but it sure looks like we will easily visit those all-time highs and take them out, maybe sooner than later.

The GDX etf is shown below, for those that are concerned about how far and fast the run higher has been, know that GDX can get 50-60% above its 200 day MA before its time for a substantial (10-20%) correction. Currently, GDX sits only 18% above its 200 day MA, and it stood at 28% above the 200 day just a few months ago in late October, so it could easily still run much higher from here. And SILJ can rally between 105%-200% before a 20% correction occurs. Confirmation that we are now in a strong bull market can be seen on days like yesterday, where the silver miners via SILJ were up nicely on the day, despite the metal finishing the day lower. That is very bullish action, and since everybody loves to hate miners, or is too afraid to touch them, this bull has the potential to make investors very wealthy. If any of these pull back 10% or so, I would buy with both hands!

We remain loaded in metals and miners, from the mid-cap producers down to some tiny junior explorers, which also seem to have joined the party lately. The last several weeks have been nothing short of spectacular, and there is lots more to be had, don’t miss out!

There are times when things are working so well, if feels as if you have a team of men working as hard as they can to shovel money into your accounts. I have learned its best to just let them be, no interruptions or changes in plan, just let them continue at work! We have had as string of big winning days here, and expect many more in the future. Except for a few sharp, punishing days here and there, I don’t expect declines to last for long, and they should be bought aggressively if one isn’t already invested in the best and only group out there. While its a commodities bull, many commodities are struggling, like energy, so it’s important to stay focused on the strongest bull which is precious metals. The others will have their day in the sun, maybe sooner rather than later, but we have time to add those to our portfolios, we don’t need or want them today.

As a side note, copper has also broken out, but has conflicting fundamentals to my eye. For sure, coper production is falling far short of demand in the coming years, yet copper is also economically sensitive so will have sellers as the government starts to admit not all is rosy in the economy. This is common early in a new presidency, when he wants to shed light on as many negatives the prior president left behind for the new guy to fix. We are seeing this now, so I only have one copper holding, Sprott’s physical copper etf (COP.U or SPHCF in the US), since it seems a layup, trading at a 23% discount to its NAV! I also continue to monitor uranium stocks, as there is a bull market under the surface there too, with its fundamentals, but again it isn’t necessary to focus there at the moment. Other groups I’m watching are the coal producers, I own just one, Yancoal in Australia (YAL.AX) which just paid a fat dividend our of its enormous free cash flow. I also keep an eye on agriculture stocks, as I expect all of these will rally out of the bases they are forming now. Ideally, I could take profits in the future on all our precious metals holdings, and roll into the things I’ve mentioned above. For now, first things first.

Below I have posted a couple simple charts that show clear breakouts, and all time highs in focus for the GDX etf. Keep in mind the monthly chart is log scale, so it won’t take much for GDX to reach it’s 2011 highs from here. I’ve also posted another holding we have, PAAS, which has just made new bull market highs. I didn’t PAAS for any particular reason, we have many stocks with similar charts, some much stronger like ORLA and DSVSF. If I were not loaded up in miners already, I would not wait to get some exposure. As always, proper position-sizing is key. Just remember it gets harder to make exponential gains the further a stock is from its bottom. Best not to wait much longer, and for sure use the dips as buying opportunities as they typically don’t last for long in strongly trending bull markets.

Charts don’t get much prettier than these, all the more so when everything else is sinking!

The title says it all, but here is a chart of the junior gold miners GDXJ vs. the technology stocks in the QQQ etf. The chart only goes back around four years, but the breakout is very clear, there is no doubt the trends have changed. It’s important to remember charts like this, when the inevitable correhtctions occur. Dips in miners should be bought, not feared.

ASM (Avino SIlver and Gold) is yet another example of a stock launching out of a support zone on a good earnings report, this one making new 52 week highs, and also a recent addition to our portfolios. Check out the chart below, ASM is also making new multi-year highs, and it has lots of room to run now, no resistance until the 2016 high up near $3.20/share (not shown on this chart).

We are starting to see huge spikes higher in various miners, as they report blowout earnings and free cash flow. No longer do they see all rallies sold down soon thereafter, these are trend-changing or trend-confirming moves, made with force. Below are two examples, HOC.L (Hochschild Mining, in which we just recently initiated a position, and EXK (Endeavor Silver), which has been a holding but added to it recently as well. Note the percentage gains in just one day, and the fundamentals only continue to improve for the next couple years or more. Considering the stock markets in general are very weak, imaginary clown tokens (cryptos) are in a bear market already, moving money into precious metals and their miners seems like the wise thing to do. As silver nears a significant breakout, there is still lots of upside for the group, but with moves like these, don’t take long to make up your mind. Best to get some exposure before they run away from you.

HOC.L launched out of a strong support zone, while EXK cleared any near term resistance. Yesterday was one of our best days ever for our accounts, I hope you get on board soon, too!

Lots of volatility in markets, with tech stocks and the S&P making new lows day after day. They will bounce at some point, but so far they remain extremely weak. Yesterday was difficult, as everything got hurt across the board, while mining share investors want to see relative strength vs the stock market. Today we have a sharp rebound in GDX, while the stock market, SMH (semiconductors), and MAGS (Mag 7 stocks) are in the red again, causing a breakout in the GDX:SPY ratio. It’s just another confirmation that a bull market in miners is under way. We might even short the SMH or MAGS into a bounce that eventually will occur, once the bounce looks tired, to be short tech against our gold and silver miners long.

I think CDE (Coeur Mining) dropping 33% after a a good earnings report, and with no particular bad news to justify the selloff, is presenting a low-risk opportunity to add to our positions in the $5.10 area. Just on the stock, not including $5 strike LEAP options we own, we are already up 81% on CDE, and that includes this recent brutal beating of 33%. I like the odds, so am very comfortable adding today, and still think this stock could easily triple from here. Once it gets going, it will be hard to buy, because it goes up just as fast as it comes down!