It's no secret that we're in a bull market for precious metals.

We made the argument for a new secular uptrend for these shiny rocks in last week's Gold Rush video.

Why do we think this is the case?

Gold futures have been printing fresh all-time highs seemingly every day, and precious metals stocks have followed suit with new highs of their own.

When you go back and study the previous cycles you'll notice that every bull market is characterized by more and more stocks making new highs along with the underlying futures contracts.

So let's take a step back and look at some stocks that are making new highs.

If you're like me, you probably spend too much money on coffee every morning.

And that's not likely to change... but that's okay!

We can profit from an upside move in the commodity and hedge our exposure.

We've had tremendous success trading Cocoa futures in the last several years. 

We're also close to buying Cotton futures as they look to trap the bears below a key polarity zone.

There's a trend here: soft commodities keep rewarding us for owning them.

We think Coffee is next.

In today's Gold Rush video, we discussed our outlook for a new secular bull market in the yellow metal.

We also covered Commitment of Traders positioning, mining stocks, and much more.

We dug into our latest blog post as well, providing some much-needed color.

We covered Gold vs. Commodities, the best risk/reward setups in precious metals stocks, and more.

Here's the video:

Gold has not only been shining in absolute terms but is also dramatically outperforming the broader commodity complex.

While energy chops around in a multi-year range and cattle carve out a distribution pattern, the glittering ore refuses to quit printing new all-time highs.

Gold has not only been shining in absolute terms but is also dramatically outperforming the broader commodity complex.

While energy chops around in a multi-year range and cattle carve out a distribution pattern, the glittering ore refuses to quit printing new all-time highs.

It has paid to pick our spots wisely in the commodities complex as it's been a very bifurcated asset class this cycle.

Live and Feeder Cattle are carving out distribution patterns.

Energy has been a rangebound mess.

Meanwhile, the relative strength has been in the soft commodities and precious metals.

Gold recently put the finishing touches on a multi-decade accumulation pattern.

Cocoa has resolved a 12-year base and rallied over 400% to new all-time highs.

Coffee is flirting with new multi-decade highs after completing a tactical reversal pattern.

And we're betting that Cotton will participate to the upside with the rest of the soft complex soon. The soft and fluffy commodity is on the verge of trapping the bears below a key level of polarity.

We want to continue leaning into the relative strength in soft commodities.

From the Desk of Ian Culley @IanCulley

It’s good to be a gold bug.

New all-time highs and fresh breakouts are dotting the charts. Buy signals are flashing left and right. And even the laggards – Palladium and Platinum – are refusing to break down. 

Best of all, Gold has a one-track mind: up and to the right!

From the Desk of Ian Culley @IanCulley

It’s good to be a gold bug.

New all-time highs and fresh breakouts are dotting the charts. Buy signals are flashing left and right. And even the laggards – Palladium and Platinum – are refusing to break down. 

Best of all, Gold has a one-track mind: up and to the right!

From the Desk of Steve Strazza @Sstrazza

The price action from commodities has been lackluster, at best, this year. Our equal-weight commodity index is at its lowest level since early 2021.

Despite the broad weakness, gold continues to shine. The 79th element closed this week at its highest price in history.

Here’s a look at gold futures, trading at our first objective measured from the multi-decade base that resolved higher back in Q1:

As long as this breakout sticks, the bias remains higher for the yellow metal. 

On a more tactical note, gold has just completed a multi-month continuation pattern and is in the early stages of a fresh leg up:

From the desk of Steve Strazza @Sstrazza

The price action from commodities has been lackluster, at best, this year. Our equal-weight commodity index is at its lowest level since early 2021.

Despite the broad weakness, Gold continues to shine. The 79th element closed this week at its highest price in history.

From the Desk of Ian Culley @IanCulley

Don’t believe the headlines.

It’s not all doom and gloom for the market.

Plenty of assets are trending higher, mainly those related to precious metals.

Gold is challenging all-time highs. Silver is catching a bid. Palladium is digging in at former support. (So much for those seven-year lows.)

And gold and silver mining stocks are ripping…

From the Desk of Ian Culley @IanCulley

Don’t believe the headlines.

It’s not all doom and gloom for the market.

Plenty of assets are trending higher, mainly those related to precious metals.

Gold is challenging all-time highs. Silver is catching a bid. Palladium is digging in at former support. (So much for those seven-year lows.)

And gold and silver mining stocks are ripping…