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Recording Date 8-30-2026. The S&P 500 gained 0.5%, and I'm giving it a modest 55% probability of moving higher, while the DXY jumped 0.9% and broke several important moving averages. Precious metals were much weaker. Gold dropped 3.2% after being rejected around $4,755, and I think the correction has further to run, with support around $4,450, $4,400 and $4,265. Silver fell 2.5% after reaching $72.05, while GDX dropped 3.1% and PSLV lost 4.4%. I also explain how I use staged 15%, 35% and 50% allocations, Fibonacci retracements, and historical support and resistance to build positions as prices become cheaper.
In commodities, I'm watching some very different opportunities develop. Copper gained 1.1%, and I think it could challenge a new all-time high, although the COPX copper miners ETF looks vulnerable to a pullback. Uranium barely moved at 0.1%, but URNM fell 2.6%, creating what I see as a potentially attractive accumulation opportunity around $56, with deeper levels near $50 and $47.50. WTI dropped 3.7%, while Brent fell 5.7%, yet I remain constructive on oil beyond the near-term weakness. Natural gas gained 4.1%, palladium surged 5.8%, and I remain optimistic on platinum despite its 2.2% weekly decline. Nickel, meanwhile, fell 1.6%, and after reassessing its chart in real time, I'm leaning bearish for next week.
Key Insights in this episode
✅ Gold fell 3.2%, with Steve expecting further downside toward key Fibonacci support levels.
✅ Silver dropped 2.5% after reaching $72.05, shifting next week's bias slightly bearish.
✅ Copper gained 1.1%, with a possible new all-time high developing despite COPX weakness.
✅ URNM fell 2.6%, creating potential uranium accumulation levels around $56, $50 and $47.50.
✅ Natural gas climbed 4.1%, while leveraged BOIL remains a short-term trading vehicle due to decay.
✅ Palladium surged 5.8% as platinum and palladium show increasingly bullish technical setups.
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Chapters
0:00 S&P 500 And Dollar Market Outlook
01:59 Gold Drops 3.2% And Tests Major Support
07:25 Silver Falls 2.5% After Hitting $72
10:24 Copper Breakout And COPX Reversal Risk
12:19 Uranium Stocks And URNM Buying Levels
15:20 WTI Oil Bear Flag And Energy Outlook
17:34 Natural Gas Rally And BOIL Strategy
20:10 Platinum And Palladium Bullish Setups
22:43 Nickel False Breakout And Downside Risk
23:46 Final Market Thoughts
DISCLAIMER: I am not a financial advisor. This is not financial advice. I only express my opinion based on my experience, and your experience may be different. These videos are for educational and motivational purposes only. Investing of any kind involves risk. Do your own due diligence. Every investment and bet comes with the risk that your capital could go to zero.
WHAT I DO: I spread out my investments. It's not all on one thing. For every bet that I make, I devote one hour of study per month to that investment. I keep the number of bets to what I can feasibly study.
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#InItToWinIt #SteveBarton #MondayMarketMoves #MMM #SP500 #Gold #Silver #Copper #Uranium #Oil #NaturalGas #Platinum #Palladium #Nickel #GDX #URNM #COPX #CommodityInvesting #TechnicalAnalysis #MiningStocks
