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Rare "Whaley Breadth Thrust" Signals For Stocks As Silver Ready To Jump
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/0001f403-be56-48db-8735-19a1a7a9be3a/wswlogooldbanner.png?t=1715713298)
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Yesterday, gold rallied hard to new all time highs and mining stocks jumped. SBSW went up over 4%. So did GFI, DRD, GOLD, PAAS, and WPM. I own positions in all of them, however, silver is not yet at a new all-time high.
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/d9d03b52-6a84-432d-94e7-95d591ea4822/silver07172024.png?t=1721210207)
It’s likely that silver is going to follow gold up soon to breakout to a new 52-week high.
Things are moving in the metals markets, and they are moving in the stock market, as the rally has spread out from NVDA and a few big cap tech stocks into the rest of the stock market. The magic of a coming rate cut is doing it’s work as bulls buy ahead of it.
We’ve seen REIT stocks and banks go up and yesterday there was a rare “Whaley Breadth Thrust” bull signal.