All Star Charts Gold Rush Articles

Copper futures are breaking out to new all-time highs. Is this a signal for the whole Base Metals complex?

We think so and here's why.

When Copper leads, the rest of the base metals often follow. 

We've seen this happen in numerous cycles. The last occurrence was in 2020.

This trade is even better when Gold is the first one out of the gate, which is the case this cycle. We discussed it a few weeks ago - be sure to check out that post if you haven't already.

The evidence for a base metals rally has been stacking up recently. Aluminum is shaping up nicely, and we think it could be one of the next to go.

From there, we expect Steel, Nickel, Tin, Zinc, and all of the rest to follow.

This index holds an equally-weighted basket...

In case you missed it, we're amid a raging precious metals bull market.

Gold miners are playing catch-up, and they keep making new highs.

Silver is on the cusp of resolving a historical base that dates back to 1980 when the Hunt Brothers tried to corner the market.

All the while, the yellow metal is soaring versus every fiat currency in the universe.

Investors in the United States are panicking because their tech stocks are sucking.

Their irresponsibly large positions in Microsoft and Nvidia have come around to bite them in the rear.

Which investors have been sheltered from this pain? The ones who own Energy stocks! 

These shareholders have, for the most part, been treated poorly over the last 15 years. 

However, that wasn't the case in the post-COVID bull market. It also hasn't been the case so far this year.

As you can see, the Energy Sector SPDR $XLE is up over 8% this year. It's the best-performing sector.

Conversely, Technology $XLK and Consumer Discretionary $XLY have been significant laggards. They're the only sectors trailing the S&P 500.

We think this relative strength from energy can persist. Here's why 👇

The NYSE Natural Gas Index $XNG and the NYSE Oil & Gas Index $XOI are both in the process of resolving multi-decade basing patterns.

Structural trend reversals can be messy, but the path of...

Silver is squeezing higher to new multi-month highs and looks poised to climb higher to fresh multi-decade highs shortly.

This is happening on the heels of this precious metals bull market recently turning 1 year old.

Gold futures are also trading above 3,000 dollars for the first time ever.

All of this combined has fueled the animal spirits in the mining industry.

Copper futures have so many tailwinds working for it right now. We think it's ready to breakout to new all-time highs.

We've talked about the strong positive correlation it has with Chinese stocks. This remains the case. 

In addition, base and industrial metals have been ripping. Just look at the setup in Aluminum futures. 

We think it would make sense for Dr. Copper to lead its peers higher. This has already been playing out in precious metals.

The shiny yellow rock has been leading its peers higher, and now Silver futures are a stone's throw away from multi-decade highs. 

Gold futures hit 3,000 for the first time to make things even sweeter. Surpassing...

While U.S. equity investors are panicking, the Gold Bugs are riding powerful uptrends. It's a fantastic time to own shiny rocks.

Yesterday, we discussed the short interest in Silver hitting a record high. We think it's time for Gold's crazy cousin to shine.

In addition to that, we covered a variety of subjects in today's video, including: 

• The largest 4-week inflow into Gold on record
• Wild swings in the currency markets
• International stock markets
• Shiny rocks > stocks
• Seasonal sweet spot for Gold & Silver miners
• And what we're buying

We hope everyone enjoyed this precious metals bull market's first-anniversary last week. 

We certainly did! Cheers to many more years to come. 🥂

Now, what's next?

It's time for Gold's crazy cousin to shine, and here's why.

From the pits of 19th-century speculation to today’s systematic hedge funds, trend following has remained the ultimate trading edge. Here’s why it works—and why it always will.

For centuries, traders have tried to predict markets—chasing news, studying fundamentals, and searching for a perfect formula to outthink the crowd. Meanwhile, the only strategy that actually worked was the simplest one: Follow the trend.

Nobody wanted to believe it. Trend following felt too passive, too reactive. Human nature prefers action, control, and the illusion of certainty. But markets don’t reward ego. They reward discipline.

Trend following wasn’t born in a lab. It wasn’t a theory crafted by economists. It was a survival mechanism.

In the 1900s, the most powerful traders—Gould, Patten, Cutten, Livermore—moved markets through insider knowledge, manipulation, and sheer size. The only way smaller traders survived was by recognizing the trend and riding the moves made by the big players.

This wasn’t...

Stock market bulls have been watching the homies like hawks. 

It's a vital industry right now.

Alfonso recently wrote about the Home Construction ETF $ITB breaking to new lows relative to its defensive peer group, the Real Estate ETF $IYR.

He said, "This ratio has historically been a leading indicator for the broader market. During prior cycles, you can see clear divergences where ITB/IYR tops or bottoms ahead of major turns in the S&P 500." 

See the chart for yourself. The data doesn't lie. 

If the equity bull market in the United States is going to continue, this group cannot complete a massive top.

Here's the setup that everyone is watching 👇

As you can see, the iShares U.S. Home Construction Index $ITB has carved out a prolonged potential distribution pattern. 

The index...

This precious metals bull market will turn 1 year old on Tuesday.

Can you believe it? 

Gold futures resolved a multi-decade basing pattern on March 4th, 2024.

We've had a blast riding the shiny yellow metal higher and made a ton of money along the way.

The cycle has had its ups and downs, no doubt about it.

But when we zoom out and analyze the long-term trends, it's clear what environment we're in. A raging bull market!

Buyers are being rewarded, and sellers are being penalized. This is what happens in uptrends.

Let's take a moment to step back and assess our progress over the last year.

A lot is happening right now.

The bears are destroying Orange Juice futures, while Coffee futures are at an all-time high. Soft commodities are super bifurcated at the moment.

The entire agricultural commodity complex is shaping up quite nicely. Corn and Soybean futures look poised to lead the way higher.

We're also seeing China's economy roar back to life. Steve's Breakout Multiplier system has been crushing it...

We've been discussing the odds favoring shiny rocks outperforming stocks for the foreseeable future. 

It's what happens in every precious metals bull market.

Another classic in these cycles is for the mining stocks to outperform gold. We think this is about to happen. 

In addition, we expect the entire precious metals complex to move explosively. We haven't seen this yet, but we're anticipating it.

The setup in palladium futures looks as juicy as anything in the market.