Rare "Whaley Breadth Thrust" Signals For Stocks As Silver Ready To Jump

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.

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.