Metals Appear to Top

 12/29/2025

I watched Charles Payne's show on Fox Business today.  One after another, each analyst was certain everything is going up. Ed Yardeni called the SPX to 7700 in 2026, not to be outdone he called gold to 10,000 by 2029. He does not seem to grasp that if gold doubles from here, sure could, it spells serious trouble for paper money. 

Silver

 Sprott silver trust owns silver, not mining stocks like most mutual funds and ETFs. It dropped 6.8% and gold dropped $200. Yardeni simply said gold would trend sideways. After a near vertical rise it will fal in a similar vertical fall.  I am buying ZSL a bear sliver fund. 

This is just what we want, an inverse of the above silver chart. It is at the dead low and now rallying. RSI and PMO are also dead low and this is cheap. I bought today and will add this week. 

DOW

 

The Dec 12 high is intact, so far. We have labeled a wave one down and two up. The DOW dropped today perhaps just end of year tax selling but the pattern is here, we will watch and report.

Bond prices have been stubborn to fall, patience. 

More tomorrow.