John Rubino, Follow John on his Substack, joins us to discuss the continued corrective move lower in gold, silver, and copper and the related resource stocks over the last few weeks; and how he is managing his portfolio looking ahead to the bigger picture. We review some of the key news the end of last week, focusing on some of the nuances with the official jobs report numbers and the news out of China they were buying less gold last month. This translates over into the weaker precious metals prices, but John believes the bull markets are still well in place. We also get into the movement lately in copper and uranium, and how is approaching investing in those sectors, mostly through the ETFs and the larger more established names, but that he is starting to review more information on the small junior companies.

Click here to visit the John’s Substack to keep up to date on his market and economic commentary.

TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot website, joins us to review his technical outlook on a number of sectors including broad US market indexes, the surge higher in Nvidia, small caps, electric vehicles, cannabis stocks, gold, gold stocks, silver, and copper.

One big takeaway is the narrowing of market breadth again into the large mega-cap stock leadership, like Nvidia, and that much of the larger market stocks are not having the same kinds of runs as seen in the weighted indexes. This leads to a discussion about the smaller cap stocks, like those seen in the Russell 2000 via (IWN), and how higher interest rates may be factoring in. With only 40% of stocks above their 50-day simple moving averages, we ask TG if some of the money made in the larger tech leadership will eventually filter down in the rest of the sector that has been underperforming. TG also highlights EV stocks and cannabis stocks as 2 other areas that have fallen out of favor, that he is watching more closely to see if they are ready to start moving higher. He also notes the importance of the upcoming US election cycle, and how investors are waiting for more clarity as to future of where money and power will flow in the next business cycle.

Turning toward the commodities, we’ve seen gold, silver, copper, and other commodities turn down over the last few weeks, and TG points out that with gold, GDX, and copper having already dipped below their 50-day SMAs, that it is likely that silver will also follow suit and do the same. TG makes the point that after such big moves higher, that it is natural to see these sectors cool off and correct for a while, and that he’ll be watching the 21 week moving average for a potential area of support in the weeks to come.

Click here to visit the Profit Pilot website to keep up to date with what TG is trading.

Craig Hemke, Founder and Editor of TF Metals Report joins us to discuss the critical events lined up for the week, including a key Federal Reserve meeting and anticipated inflation data. We delve into the recent rate cuts by the ECB and Bank of Canada, analyze precious metal trends, and explore the impacts of quantitative tightening on markets. We also look at the U.S. economy, global trends, and the future of the dollar amidst economic uncertainties and upcoming elections.

Click here to visit Craig's website - TF Metals Report.