So I still think we're going to see thirty four, maybe all the way
up to thirty seven for silver over the next This is a monthly chart,
so over the next one to two months, I think we could actually see
a very strong move percentage wise from where we are kind of right now.
That's potentially about an eighteen percent move, So there's a lot of upside potential.
The chart of silver is very strong. It had a rally up,
it had a pause, a bullflag pattern which is the halfway point, and
then it's starting to run and I think it can go up to these highs
that we saw back in twenty twelve. And you were listening to Carrie Let's's
Financial Survival Network where you get valuable information. You just can't find anywhere else
to thrive in today's trying times. You need the Financial Survival Network now more
than ever. Go to Financial Survivalnetwork dot com and get your free newsletter and
gift. Financial Survival Network now more than ever, And welcome you are listening
to and watching the Financial Survival Network. I'm your host, Carry Lutz Well,
Christopher Muelen is with us now and as olay As we're going to get
insight into where he sees these markets heading stocks have taken off since April,
so probably let's start there, even though we will get into gold and energy
and all that good stuff. Chris, welcome back. So what is going
on with the stock market here? Yeah, well thanks for having me back
on the show. Carry Yeah, let's take a look at the charcers.
There is a lot going on. This is the SP five hundred. If
we kind of zoom out so you guys can see the big picture. Obviously,
we had the twenty twenty two correction. Twenty twenty three was a big
year. A lot of people have completely missed out on the rally from last
November. They've lost missed out on this last one. Everybody was thinking the
markets were going lower. People are still betting and trying to pick the top.
Aggressive traders are scared to get it or they're shorting this market, and
it just keeps going higher and higher. There are definitely some divergences going on.
I mean when we look at the overall market, you know, the
the Nasdaq is struggling. If we look at the QQQ, for example,
there's been some big bouts of selling, especially about four or five sessions ago.
We saw distribution selling in the deck. All the big magnificent sevens were
down and it pulled the market back. That's a day of distribution. And
I've you and I actually talked about this like probably like six eight months ago.
I was saying, Hey, once the sp five hundred hits new all
time highs, I'm going to be looking for when we have these distribution days
and they should start to pick up more frequently. We had another distribution wave.
We had another distribution wave here, so we're starting to see them more
frequent, and there's nothing bad about them. It's just the market and big
institutions lightening their portfolio, moving away from the big winners. But as it
happens more and more, and we tend to see it happen with elevated volume,
big volume spikes, that is telling us it is institutions lighting their portfolio,
putting those shares into the hands of the average investor. And the fact
that this equities market has been rallying really on technology stocks. Most stocks and
sectors are down. Small cap stocks have been beaten up there. They haven't
been doing very well just until really the last four or five sessions are starting
to come to life. But you know, when we look at this market,
I believe we are in those late stages the stock market. You know,
it goes in a rising tide, a falling tide, and we're back
into a rising tide for the indexes. So we want to be long right
now both, you know, and we want to stick with the trend until
it actually reverses and the technicals breakdown. So as much as people want to
be bearish right now, we are seeing the markets move higher and people need
to remain kind of long until proven otherwise. All right, So so it
comes to you know, I'm always reminded when I see these types of rallies
here where everyone's expecting it to go down and it goes up or vice versa.
You know, stocks climb on a wall of worry, right, yeah,
yeah, And a good visual of this, actually, Kerrie is so
I have a sentiment chart that that there allows us to kind of read what
the average investor is doing. And whenever we get these these orange phases in
the market, especially especially big ones the market naturally, these orange and red
bars are when people are dumping their shares on the New York Stock Exchange.
It's when they're buying put options betting on falling prices, and it really only
takes a little pullback for everyone to get spooked, and they all quickly get
out of the market, and then the market goes higher without them. They
bet on the downside. The market pushes higher. The more fear there is,
the bigger the potential push. And we had some fear a couple of
weeks ago. The market pushed higher, and right now the market is scared
again. They are betting and getting prepared for the market to have a big
pullback. And this is actually a bullish sign. If people are dumping shares
right now yet it's old up and grinding higher, they're you know, we're
probably going to see another big push up in the equities market. And it's
really interesting the sentiment. The majority of the masses are typically wrong betting,
you know, trying to trying to really take go against the market right at
the worst possible time, just before they're probably going to go even higher.
Of course, they're dumping their shares and getting out and they get caught on
the wrong side. Yeah, well that's always happens, right, So how
much longer? How much longer can it go on for? You know,
they always say the market can be remain irrational longer than you can remain solvent,
right, yeah, yeah for sure. So hey, all right,
so let's talk about my favorite gold. Here's what's up with gold. I
love gold. Still very very bullish signed for gold. It's had a series
of rallies and pauses, and it's starting to break out here to some new
all time highs. This chart is pointing to twenty six fifty, twenty seven
to fifty for gold. Once that level is reached, I will be a
little bit more bearish and hesitant on the market. I believe we're seeing this
final push up just before the equities market puts in a major top. And
the monthly chart of gold gives us a very good view of where I kind
of believe we are when we look at this chart. We started a new
super cycle for gold in twenty nineteen. It's gone into a multi year consolidation,
a pause, and now we're starting to see this big run up.
And I think that's because people around the world are getting nervous. They feel
like the recessions coming, stock markets frothy, Those who are savvy are moving
into these defensive, protective assets. If we go back in time, we
saw the stock market break into a new supercycle back in two thousand and three.
We had a multi year consolidation, and then we saw a run to
safety just before the two thousand and eight financial crash, and that's where we
are right now. We're seeing that run to safety, and then I think
we're going to see the equities markets the recession all have a big correction and
gold will most likely pull back with it. But we are in this phase
right here where gold I think is still going to continue to extend up to
twenty six fifty twenty seven hundred, which you know is still a pretty decent
push from where it is, is still another ten percent higher for gold before
I think it starts to top out. So when gold hits that level,
people should be aware. I think there's more downside potential short term. But
once the markets have this cleansing event like two thousand and eight, we go
into a you know, twenty twenty five market correction. After that is when
I think we're going to really see a multi year run in gold and silver
and miners. It's going to be the ultimate opportunity that really happens like once
every decade or so, and it's going to be pretty pretty exciting. So
I like gold, it is one of my favorites, and obviously silver.
Silver is just more volatile. Okay, so yeah, let's talk about silver,
or for a little bit silver. It's really showing some strength. It
hit a low I guess back towards the end of last year of around seventeen
dollars and it's been straight up, well not straight up. It's a sawtooth
pattern. How much higher can it go? Can we see it eclipse its
all time high? Because gold is trading a nominal highs but silver is trading
it to sixty percent if it's all time high. Yeah, so I still
think we're going to see thirty four, maybe all the way up to thirty
seven for silver over the next This is a monthly chart, so over the
next one to two months, I think we could actually see a very strong
move percentage wise from where we are kind of right now. That's potentially about
an eighteen percent move, so there's a lot of upside potential. The chart
of silver is very strong. It had a rally up, it had a
pause, a bullflag pattern, which is the halfway point, and then it's
starting to run and I think it can go up to these highs that we
saw back in twenty twelve, and that it's going to act as some resistance
on the chart. Now. Silver is doing very much same as gold.
It broke into a new supercycle. It had a multi year consolidation and then
everybody piled into silver just before the economy went into the crapper. And we're
doing the same thing now. It started a major supercycle and broke out.
It's had a multi year pullback in consolidation, and now we're starting to see
that run to safety. I do think silver will probably pull back to where
it is now or lower during a reset, but that will be one of
the last dips before it goes higher, just like over here. And then
I think silver goes ballistic. I think we blow past fifty. I think
we go up into the eighties or higher for silver. Really not right now,
but I mean, you know, starting post probably twenty twenty five,
I think we'll see a huge move. Think silver will become a major dominant
player. So I like silver from that regard too. They have a very
similar things. Check this out. I just got this the other day.
Nice that was it out bar of silver from a friend who I'm big as
that it's a thousand ounces. Well it's actually nine hundred and like eighty something
like this. Don't drop it on your foot, no, yeah, I
just I just got over the cast off my foot. I did break my
foot about seven weeks ago. I hate three dropping a bar on your foot.
Right, I didn't drop the bar on my foot. I stepped on
a ball, rolled my ankle, and my son coaching my son's baseball teamn
snapped a bound. But well they way. I like silver. I just
bought more silver, and I think, you know, long term, these
are solid assets. Part in the punt. Everyone takes a fall. Yeah,
you're right, that's my feeling about it. And you know, hey
and markets are the same way. But to think eighty dollars then, really,
once it hits eighty, there's no limit that we can predict, can
we. Yeah, I think it'll once it blows past fifty dollars, I
think it just goes into like it's in no man's line. There's there's no
kind of resistance. I think it could just blow off and keep shooting.
Who knows how high will go? Right, So I think old will do
something similar. Silver is definitely percentage wise, we'll definitely catch people's attention.
It'll be screaming and be a rocket. Wow, that's like two and a
half times where it's at now. More than that two hundred and fifty percent
return ed. When it happens, can happen really quick, isn't it.
It is. It's if you don't catch it, if you're going holidays for
two months or something, you're going to come back and be like, how
did I miss one hundred percent return? The question is what will the currency
unit that it's valued in be worth once it? YEAHTCH is up? Is
it going to outpace the inflation rate give you a positive return adjusted for inflation?
I don't know. I don't know what the currencies are going to do.
I think the US dollar, I think after we have a financial reset,
the US dollar is definitely going to hit the back burner. I think
it's time as a reserve currency is going to really start to fade. People
have been talking about it forever, but I feel like we actually have the
technologies and the whole world is open to you know, these new blockchain platforms
or not platforms, but I don't know protocols or whatever it is, so
that it can be more open source, free flowing. The world regulates things
versus regulators. I'm trying to regulate and control things, right, So yeah,
we're definitely getting closer to the world becomes one and we all regulate each
other and assets and things like that. Amazing, amazing, All right,
what else you got from me here? So we got a energy chart?
Yeah, let me pull up the chart of oil. We can take a
look at that. If we take a look at crude oil, it's have
a little pullback overall, I'm not a huge fan of the crude oil price.
It's really trading in this kind of kind of shrendless huh. Yeah,
it's pended formation. It had a big move down. The big question is
is this a halfway point. I do believe we're going to go into a
recession. I think we're gonna see forty dollars oil. Again. This is
the monthly chart, so looking forward, you know, six seven, eight
months, this could this could be forty dollars oil from now. We'll see
how that unfolds. That's what this chart pattern is pointing to. So what's
interesting is energy stocks are actually trading up your all time highs. If we
look at for example, xl E. It is trading way up here at
all time highs and which I find pretty interesting. And is that a result
of the how yields on those stocks? Yeah, it could be, it
could be. Typically we see the energy sector do fairly well just before recession.
I think a lot of people are expecting oil to go higher, and
they're piling into the leverage play, which are the miners or the energy stocks,
and they're they're going up. I mean, when we have a correction,
these are going to get hit, just like they did back in two
thousand and eight. And every time we have a kind of economic weakness,
they fall off a cliff. But people are in the space, there are
good dividends, and you know, the whole fact that we have like kind
of the war going on, it definitely helps. I think people want to
move into energy space expecting potentially higher oil pricing. Usually oil does very well
in the middle of a war. Although you know, the war now seems
more and more digital than the old consumption, more of a media event that
seems. Yeah, anything else, Yeah, everybody propaganda, everybody competing.
You can get the right spin, the right propaganda out. It's kind of
like wag the dog, you know. Yeah, So like carry if we
take a look at the US dollar index, so this is this is kind
of where I kind of think we might might unfold. So this is the
monthly chart of the dollar index. I believe we've got a series of higher
lows, a series of higher highs. So the dollar is in a long
term up trend. I do believe we're going to see in the next few
months the stock market the economy top out. I do believe we're going to
see the US dollars start to rally where maybe up to one twenty, maybe
even higher. And as the stock market's collapsing and the dollars going up as
kind of the last urah I think for the last maybe reserve currency move for
it, that is going to put pressure on gold. That's when we start
to see gold and silver have the pullback because of the rising dollar and just
liquidation of people having to liquid eight investments because everything's falling. They have margin
calls, they're running out of money, they're selling in fear of losing even
more money. So the dollar, I think, is going to have one
more big push and then this is kind of taps into what you and I
were just talking about Kerry, which is I think after this market correction and
chaos will be the reason for the government to say, hey, we're resetting
to some new digital currency and it'll be similar like the two thousand. Actually,
a lot of the feeling that I have now feels very similar to the
two thousand in terms of major multi year decline inequities. I think the dollar
will go into a multi year selloff. So even when it gets up here,
I think it's I think it's going down and it might it might not
ever come back, which is the ultimate story for precious metals, right,
And that's where we flip to some digital currency and bricks or whatever those new
platforms are going to be. So it is going to be life changing.
Really this the next I think two or three years, the financial system changes.
The borders of who controls what change. It's not just going to be
like a little company in the United States like the SEC and the colmacs and
stuff. There's going to be open platforms where physical gold is you know,
exchanged fairly with what's deliverable between people. There's a lot of stuff coming together.
So it's if you don't if you don't learn about it and don't take
action. I mean you're going to get left behind. I think you're going
to get hit for sure or sure anything else you want to look at it
here, I really think that's about it. I think I think in a
nutshell, I think, you know, if we look at the overall cycle
in the markets and investments in general, I believe we're right up here at
maximum peak risk when it comes to real estate, when it comes to businesses,
when it comes to equity stocks. I think you know, any money
you put in here has very very little upside. I think it's all downside
from here. So people just need to be aware we're going to go through
a huge reset and it's going to reset the how I think the world works.
So I think that's what people need to understand, is you don't want
to just be sitting here thinking the markets are going up. AI's saving the
day. You better be ready because if you don't, you're going to be
half the wealth you had potentially a year and a half from now and scratching
your head going on what I just do. I wasted forty years of hard
work. It's gone. Yeah, Well that's what inflation does. It undermines
all the values it really denigrates saving and elevates spending because spending just to basically
just to beat the inflationary wave. What's your take on inflation though, let's
put the reset aside. Is inflation been solved, like the FED would like
you to believe, even the you know it's at two percent or whatever?
Right? Yeah, Well, I don't believe in any of whatever those guys
say. But I mean, inflation is still really high. It seems like
it's still actually creeping up to some regard. I mean, I don't follow
politics, but I did see that if Trump gets in, he wants to
put like a sixty percent tariff on China stuff everything from China, which to
me because everything everything here comes from China, it seems yeah, if he
does that, I think inflation is going to go through the roof. Because
I used to be an importing company. I used to bring in things from
China. I used to have my own healthcare product, a lineup. I'll
tell you, if I had a sixty percent premium, I have to tack
it onto the product and push it off to the buyers. So if that
happens, we're going to see inflation skyrocket, because unfortunately it doesn't matter what
you flip over, it says made in China on it. So that could
be a huge game changer that could totally screw us with inflation. It'll obviously
bring factories and things back, potentially back to North America and we build our
own economy. I'm not saying it's a bad thing. It's just saying we
won't see inflation. But if that doesn't happen, I do feel like inflation
once we go into this kind of reset. I do think it will reset
and inflation will go down. People eventually are going to have to take a
hit. Instead of selling their container load of product at the high price and
try and pass it on to the user, They're going to be like,
well, we just got to sell this stuff for a loss and empty our
warehousing. They're going to have to take the hit, and then eventually it'll
go down. So somebody's gonna have to take the hit for getting rid of
their height cost inventory at some point here, and then I think prices will
start to drift flower and that I don't think that will even happen. You
know, we don't need a recession for that to happen. I already think
things are stalling. They're already saying we've had peak sales for the SP five
hundred sales. Forecasts are all coming down for a lot of businesses, they're
downgrading. So definitely things are slowing and eventually that'll hit the end by the
seller who's gonna have to lower their price and eventually just be happy with it.
We can get our cost out of this, We'll be happy or a
tiny loss. Let's just get rid of this inventory, because it's you're gonna
it's a heavy weight on them. Yeah, yeah, I get it.
I get it. Well, all right, so we got all that from
you. We appreciate it. To just tell us where we find you,
how we connect with you and subscribe. Yeah. Sure, you can get
my video analysis on my YouTube. Just go to Technical Trade the Technical Traders
on YouTube, or they can go to the Technical Traders dot com and they
can join my free newsletter. I provide video analysis and updates every week on
what what's going on, how to take action with the weekly swings in the
markets, and what's going on with the Magnificent seven and Precious pedals and all
of that stuff. All right, cool, appreciate it. Hey, you've
got a question for Chris or myself shoot me an email kl at Carrie LUTs
dot com linked in the show notes on Financial Survival Network dot com will take
your right to Chris's site. While you're there, please sign up for your
free newsletter Chrits always a pleasure. Thanks for stopping by. We'll touch base
with you in a couple months see how things are progressing or regressing all right,
Thanks Kerry, take care allway. Thanks for listening to Carrie Lets's Financial
Survival Network, your solution to today's trying times. For the latest, go
to Financial Survivalnetwork dot com. Financial Survival Network now more than ever,