Crash Alert: Gold Miners Threaten to Break Lower

Where we look at short- and intermediate- and long-term price and momentum indicators along with volume profile to determine if the charts are bullish or bearish across the board equity and bond market to help prepare you for the trading week ahead.

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S&P 500 (SPY)
Nasdaq-100 (QQQ)
Russell 2000 (IWM)
Energy (XLE)
Financials (XLF)
Utilities (XLU)
Industrials (XLI)
Large Gold Miners (GDX)
Emerging Markets (EEM)
Long-Term Treasury Bonds (TLT)
High-Yield Bonds (HYG)
Gold Futures (/GC)
Silver Futures (/SI)
U.S. Dollar ($DXY)

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The content of this video is provided as educational information only and is not intended to provide investment or other advice. This material is not to be construed as a recommendation or solicitation to buy or sell any security, financial product, instrument, or to participate in any particular trading strategy.

This video was prepared by Steven Van Metre in my own personal capacity. The opinions expressed in this video are my own and do not reflect the view of Atlas Financial Advisors, Inc. or Steven Van Metre Financial.

[johnhoward]

I get more data from your channel than anywhere else. I appreciate your work.

[jung.k]

You know Steve is one of them,
Each Youtuber was assigned a task for this market
As planned.

[michaeldevlin]

After studying the trajectory of great assets like Silver squeeze, dividend paying stocks of blue chip companies, gold, etc, my conclusion is that most great assets never come down to the price that you want them to so you can buy-just buy the ones you can afford today.

[ladabe]

Gold and Silver are down are taking a beating right now. This video came right on time.

[Lordhumongus]

Gold should be at 3k based on fundamentals. However, when the central banks use monetary theories they literally create on a whim, fundamentals go to the way side. But...they always come back. When they do, its usually painfully obvious that they are back.

[swing_trades_setups]

Have to be objective on TLT. It sustained some pretty hard technical damage the last 3 trading days.

[n-joysilver]

Any miner except the majors are already at or below 30 on daily RSI and many are at 30 on weekly RSI. It's tough to loose money when buying mid tier miners when they hit 30 on weekly RSI.

[ikust]

As usual gold /silver miners are the worse of all stocks . Got screwed for so so many years .

[timw]

like i said gold is a dead asset it always has been. Its been dead for 20 years. If you dont think thats long enough to increase your asset then you are headed to a long term fall to zero. Its of no appreciating value and even in a crash it will only inflate for a few months if that. Precious metals are not where to invest. I think if anything copper is the play as it is being used in large quantities. A much better appreciating asset.

[dmo]

Hi Steve - what is the report you mentioned that’s “not easy to flow”?

[urbanelemental]

TLT has aligned well with daily momentum. It's momentum has recently changed, once it gets back to an oversold but rising momentum, then we might be back in action.

[AndrewIsNew]

Why do small caps lead the large caps?

[tacocruiser]

Wait for the gold miners to crash. Then start buying gold. Miners going bust is a bullish signal for gold due to reduction in supply.

[fernandinand]

Let the crash be...I have some fiat aside to take advantage of it...

[hidefinition]

The FED is monitoring it.. SPY QQQ scheduled for new all time highs ..

[rc]

Dow theory sell. Transportation down. Russell down.

[LiverbestGibs]

Hopefully the premiums on retail silver bullion will come down. They are still sky high. I want to buy more when the market cools.

[helokitty]

Silver is going to double in the next 12 months

[hooverelondono]

Someone shoe Peter Schiff the miners charts

[TheAgTeam]

Superb. Quick concise. Worth watching twice.