Gold’s next upside target is around $3,500, with a key support level at $2,860 based on Fibonacci analysis of the last super cycle.
Silver is experiencing a short squeeze, with available shares to borrow dropping from 99% to just 100,000, indicating physical tightness and potential for a move higher to $35.
The stock market is in a major topping phase, with gold miners rotating from bottom to top performers, signaling a shift in market dynamics.
Despite the S&P 500 still in a bull market, the majority of stocks are underperforming, with the index being propped up by a handful of large tech companies.
Gold miners are underperforming gold despite the metal’s new all-time highs, making them a less attractive investment in the current market environment.
Investors are advised to use Fibonacci trading strategies to navigate market trends and avoid bear markets by identifying key levels and potential reversals.
Doge has reportedly cut over $1 billion per day in government waste, including ending a $40 billion CIA slush fund and numerous $4 million allocations for animal experiments in Russia, such as monkey and cat brain studies.
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