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Recording Date 7-17-2026. The S&P 500 fell 1.6%, lost both the 20 day and 50 day moving averages, and left me with a lower bias after Friday's breakdown. The U.S. dollar slipped 0.2%, but I still see a possible bull flag, while the 10-year yield fell 0.3% and remains inside a multiyear triangle that could eventually produce a sharp move. Gold dropped 2.3%, and the chart looks more like a bear flag than a convincing double bottom, so I am watching $4,000 first and deeper support near $3,700 and $3,500 if a liquidity driven washout develops. I also explain how I am staging limit orders in PHYS, GDX, and GDXJ rather than trying to guess the exact bottom, with the biggest bids reserved for a fast capitulation move.
Silver fell 6.4% and is approaching major support around $52 to $54, although I see a broader possible floor between $48 and $54, with lower buy zones also discussed for PSLV and SIL. Copper slipped 0.3%, and I am treating its current structure as a bear flag unless it can clear roughly $6.44, while COPX may offer better entries around $70 and the low $60s. Uranium was nearly flat, but the Sprott Physical Uranium Trust remained at a 9.9% discount while holding 81.4 million pounds, and URNM fell 9.5%, which is exactly the kind of seasonal weakness I want for building positions. Energy was the clear leader as WTI surged 14.4% and Brent gained 17.4%, though I am watching resistance near $85 for WTI and $90 to $92 for Brent while XLE continues forming a larger bullish pattern. I finish with natural gas, coal, platinum, palladium, nickel, PICK, and Bitcoin, where palladium is attempting a breakout, nickel futures gained 2.2%, PICK remains a diversified core commodities position, and Bitcoin may bounce toward $65,000 to $66,000 even though I still see greater long term downside risk.
Key Insights in this episode
✅ The S&P 500 fell 1.6% and lost key moving averages.
✅ Gold dropped 2.3% with deeper support near $3,700 and $3,500.
✅ Silver slid 6.4% toward support between $48 and $54.
✅ URNM fell 9.5% while physical uranium traded at a 9.9% discount.
✅ WTI surged 14.4% and Brent gained 17.4% into resistance.
✅ Bitcoin faces resistance between $65,000 and $66,000.
Tools for Success that I Love and find Helpful / Affiliates:
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Lobo's Weekly Recap (Free)
Uranium Insider Newsletter
Chapters
0:00 S&P 500 Breakdown Dollar Outlook And Treasury Yield Setup
03:51 Gold Bear Flag Liquidity Risk And Miner Buy Levels
08:55 Silver Selloff Major Support And Miner Entry Targets
13:30 Copper Bear Flag COPX Support And Price Resistance
15:01 Uranium Discount URNM Selloff And Seasonal Buying Opportunity
16:47 WTI And Brent Oil Surge With Energy Bull Flags
19:13 Natural Gas Weakness And FCG Support Setup
21:13 Coal Market Trends Demand Risk And ETF Buy Zone
23:28 Platinum Uncertainty And Palladium Breakout Potential
25:14 Nickel Rebound PICK ETF And Diversified Mining Strategy
29:14 Bitcoin Bounce Potential And Long Term Downside Risk
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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