GOLD & SILVER: The Final Crash Before All-Time Highs? (My Forecast)

0:10 Hey folks, welcome to verifiedinvesting.com. My name is Gareth Soloway, chief market strategist here. Now, in today's video, we're going to deep dive into gold, silver, oil, nat gas, maybe copper, platinum, and palladium. The idea here is to see where they stand. What are the forecasts? How have things changed in the last week based on technical and data analysis? And again, that's always what it's about, folks. It's about getting the best probabilities to understand the most likely outcome in the near term, but also in the long term. And as you guys know, I remain a huge long-term metals bull, especially on gold and silver. But that doesn't mean in the near term the prices are going to go up. So, let's take a look at

0:55 what we have here. Number one, we're looking at gold. You guys know my parallel here. This kind of gives us the worstcase scenario for gold down here. Now, to the upside again, eventually I think we're breaking out, right? In fact, if you understand technical analysis, and when you have a downs sloping parallel, let me put that in for you guys right now. So, if we have a downs sloping parallel like this, price, I would say about 75 to 80% of the time, eventually breaks out. Okay, that's just the general probabilities that we always talk about um in terms of understanding what the ultimate likely scenario is. But this is the kicker. Generally, it requires three hits of the bottom trend

1:41 line. One, two, where's our next one? And that's what has me kind of a little bit on the fence here. As much as I love gold longterm, and again, how can you not when you're looking at the fiat currency fiasco, the debt fiasco of countries like the United States, gold has to be a place where you feel more comfortable storing your your money, your assets, if you will. But having said that, it does concern me still that we could make one more flush out much like Bitcoin is doing to come down and take a hit of this trend line. All right. Now again, what's interesting about that trend line is that if we look at this zone right here, right? What do we see? We see a trend line amongst

2:27 those high pivots right in here. And if we extend the parallel there, look at that right down here. And so this puts it into July. So basically a month, a little over a month out that maybe in the next month, and wouldn't this be fantastic, right? is that if we get in a scenario where in the next month we flush down here, absolutely you will see me buying gold in a major way because again I want to be clear on this. Just because the chart may dump out in the near term due to fear, due to liquidations, due to other factors, it doesn't change the fundamental aspect of the trade. And I think that's

3:14 what most people kind of get wrong is that they're so focused on the well this is the thesis and it's still in play so it'll go up. You're right. You're absolutely right. But it doesn't mean in the near term things can't occur that could cause a flush out. Now the beauty of this chart setup is that we know if it fails and it doesn't take much for it to fail. So let's say it doesn't go down there. How would we know? Let's go back to the charts and take a look. So again, whether or not we come down to the third hit, that's again the most likely scenario. But the beauty of this is if we break this trend line to the upside, then you have a breakout and we can start on our merry way to the upside. So again, based on where we currently are,

3:59 it's really not that far away. We're currently trading around 4500. You know, we break 47 4,800, game on, game on to the upside. Now, couple other things I'm watching here. Throw in your 50 moving average. All right, your daily 50 moving average. And I'm going to even get rid of this parallel for the time being. Let's just focus even get rid of this. Let's just focus on the 50. Notice what the 50 is even telling us. The 50 moving average hits and hits and so far hasn't been able to break out. Now throw your 200 moving average on the chart. hits and hits. And look at how these two trend lines are converging, squeezing price. And what this tells us

4:46 is, remember how I was just saying that if if we do see a fall in gold, it'll kind of get down to that level, that 35 3600 level here by Ap uh by July, sometime in July. Well, if if we know wedge patterns, as wedge patterns work, price gets squeezed, but then when it breaks, it has a major move up or down, we're likely going to know the result of which direction gold is going by the end of July. Isn't that amazing? And again, you can really see in this chart, as I just clean it up a little bit, how the moving averages are even condensing and squeezing price more. So we can have the moving averages there. Then we can throw back our parallel trend line here, right? Our

5:33 parallel. There we go. My general rough parallel. And basically, we now break the chart down to a point where if it breaks here, it's going here. If it breaks here, we probably go to all-time highs. If it breaks here, we're going to go down probably to this level right here. You see that? And so this is as a technician how we have a stepbystep a playbyplay and a good technician. And by the way, I love that you guys the kind words the the fact that so many of you have signed up for my premium YouTube which again it'll it's more supporting my channel. If you like what I do, it's supporting it. But I I the more members I get, the more member videos I will do with major

6:21 alpha, even beyond what I do in these videos. But the point is is that we're we're creating a playbook on both angles, right? And so a good trader has to understand, and I and I understand this firsthand, is I'm not always going to be right. I'm just not. you know, this might be the favored thing, but if it's 75% favored, it still means there's 25% of the time it's going to do the opposite. And that's okay because all I care about is being the casino. I want to win more times than I lose. And if I can get that win rate up to 75%, there's nothing that's going to stop me. All right? And that's the kicker. So again, that's what we're trying to point out here. That's what I'm trying to show you guys in this chart. how, you know,

7:09 we have this bigger parallel which gives us major levels on either side, major breakout, major break, uh, major support for a bounce, and that's where I'd be a heavy buyer of long-term gold. But also, we have shorter term that'll tell us, well, okay, well, now we likely will go here and test this or uhoh, we just broke this. Watch out below. See how that works. Very cool stuff, guys. Very, very cool stuff. By the way, just a quick quick note, you guys know Rumble is my sponsor. Did you guys hear the news on Rumble yesterday? They actually are are buying Nvidia chips and going to start they're up basically they're pivoting the company to also move into AI and cloud and using cloud with AI etc. And I just think that's so cool because they're they're smart. They're moving it right. So they have a good

7:55 core business, the Rumble network. And by the way, folks, I have my Rumble wallet right here where I buy and sell my crypto and gold by the way. All right. Not my long-term, my my physical, obviously. So that's not the case. But like my my long-term my shorter term swing trades on gold, etc. Boom. Rumble wallet. Check it out. All right. So easy to use. Like so so easy. You know, if you're like 65 70, you can use the Rumble wallet. The links below or scan the QR code. But the point is they're pivoting. They just had a deal announced uh where they're going to be working with Nvidia. That's pretty darn cool. Um that came out yesterday, that news. All right, let's get into silver real quick here, guys. Taking a look at silver. Um, if we bring up the silver chart, I'm going to get rid of the moving averages for the time being. We can always bring

8:41 them back. Silver still to me looks uh bearish. Okay, why? Well, number one, you have this little mini head and shoulders, right? Shoulder, head, shoulder. Okay, that at least tells us we're going down here. Number two, we had a move up and it fully got reversed and then instead of bouncing back up, it's what is this pattern? bare flag. Well, that's that's another bearish pattern. All right. Then we also had this trend line here and it's broken. And look at how when it broke, it tried to get back above and couldn't. Right? All of those are giving us odds. Now, remember that doesn't mean it's a guarantee. It just means the odds are probably 80% or more that this is going down at least to 66 to 64. All right. Now, eventually, do I think it's going

9:27 to 50? I still think so. Um, again, if I'm wrong, so be it. I have my long-term gold holdings already. I would buy more say 50 or sub50, but no big deal. That's the beauty of it, right? All right, let's look at copper real quick and then we'll move on to the me the uh some of the other ones here. Copper is getting squeezed here. Which way does it break? I think the odds again if we look at ups sloping trend lines, which way remember downs sloping trend lines generally eventually break to the upside. They at least hit about three times though. So ups sloping trend lines would eventually break to the downside. But the point is that does that's not even a concern for us. All we're interested in is right here. Which way does it break? We've hit once, twice, three times. Again, ups sloping trend lines usually don't break out because they're ups sloping. It's

10:13 the downsloping ones that do. I hope that makes sense. It gets a little bit more complex. But here we have a trend line 1 2 3 4 five hits. The odds are favoring a breakdown on copper. I would go in that direction. again with commodity members at Smart Money uh Smart Money Commodities at Verified Investing. We are short the COPEX. Look at this beautiful hit right here. It's already started to pull back. I think we're heading down here and potentially even breaking down more. All right, quickly. Platinum and Palladium. I have my buy levels already situated. My buy level on platinum here is basically anywhere between, we'll call it, 1680 and 1600 right down here. That's where I would start nibbling a little bit on that. And then palladium um is getting closer and closer to a major long-term

10:58 support which is right around 1235. All right, if we look at oil real quick, let's take a look at oil. All right, guys, we have oil again broke its wedge pattern. Big move down. You got a technical bounce. I actually think this is again maybe it comes up here to this resistance, but eventually it's going much much further. At least that's what the probabilities are showing us. And the natural gas is an interesting one. It keeps trying to break out now. It keeps on failing at this point. It closed above but didn't confirm. Now it's coming back in. But I'm keeping an eye on this. This is interesting to me. It's just keeping my attention. I had a trade on Nat Gas where we were in here and we got out right around here which was great with smart money commodity members at verifiedinvesting.com. But ultimately again, you know, the question is does it then does it then

11:43 create a breakout pattern for a bigger move and I'll have to continue to watch that. All right guys, you are amazing. Thank you guys so much. I always really try to give 110% in these videos because I know you're spending your valuable time watching them and I do appreciate that and I appreciate all the kind words. Um, and I appreciate those of you that have signed up for the premium YouTube which is just on this YouTube. Please understand I don't have a Discord. I don't have a Patreon. I don't even know what that stuff is. It's it's basically this thing or it's verified.com. That's the only places I have anything. There's so many scammers out there. So, just be very very careful guys. be very very careful. All right, have a great rest of your day. Thanks so much for spending some of it with me. I'll talk to you soon. Take care.