All Star Charts Gold Rush Articles

Yes, the U.S. had a rough 20-year auction. Yields on the 30-year almost retested their October highs, touching 5.15%. But that’s not the real story.

The real bond crisis is in Japan.

This week, Japan saw its worst 20-year bond auction since 1987. Long-end JGBs—30s and 40s—are ripping to all-time highs. Not because of inflation or growth. Because no one’s buying.

Life insurers, once the backbone of demand, are out. Solvency regulations crushed their appetite. Reinsurers are selling. The market is flooded with supply, and demand is structurally broken.

Now add fiscal stress, political risk, and an election promising tax cuts—and the bond vigilantes are wide awake.

This isn’t a local issue. Goldman says Japan’s long-end move added 80 bps of pressure to global yields. What’s happening in the U.S. isn’t just about the Fed. It’s about Japan breaking.

When the most conservative central bank starts losing control, that’s not background noise. That’s the alarm bell.

Bond dysfunction doesn’t just mean volatility.

It means inflation.

Because when buyers disappear… you print.
And when you print into a supply-constrained world…...

Matt Warder appeared as the featured guest on today's Morning Show on Stock Market TV, which was an extra special treat for commodity junkies like us.

Matt is widely recognized as the best Coal analyst in the world.

He’s in constant contact with top executives in the space and is basically a walking commodity encyclopedia, especially when it comes to Black Diamonds.

We had the pleasure of meeting him in New Orleans for our Portfolio Accelerator event and walked away smarter for it.

So when Steve Strazza asked him what commodity he’s most excited about right now, we were all ears.

His answer? “Titanium.”

No hesitation.

Coming from someone with Matt’s pedigree in the Coal markets, that caught us off guard. 

But after looking at the charts, it makes a lot of sense why he didn't mention Coal.

The Canadian dollar is catching a bid. 

And while the CAD rarely grabs headlines like the euro, pound, or yen, it’s no backbencher—it makes up 9% of the US Dollar Index $DXY, just behind the big three.

It flies under the radar of most investors, and I think that’s a big mistake.

Here’s why.

After years of sliding, the CAD/USD rallied off a major level of support near 0.68—a level that’s marked key turning points in both the currency and Canadian stocks for over a decade.

This bounce looks small now, but it matters.

We’ve talked a lot about how EM currencies tend to drive their respective stock markets. When a “peso” rallies, local equities tend to follow. That effect is stronger in emerging markets because of the heavier reliance on USD funding and the volatility of the currencies there.

Canada, on the other hand, has deep, liquid capital markets, a resource-heavy economy, and two major stock...

What are the biggest mistakes new options traders make? 

Who better to answer that question than the guy who wrote the book. Joe Duarte is the author of Options Trading For Dummies, and he's seen it all. 

I'll be talking with Joe, along with ASC Gold Rush Analyst Jason Perz, to answer that very question. 

Tune in LIVE Thursday, May 22 at 2:30 pm ET.

I can't wait to ask him about: 

• All the classic ways newer or undisciplined options traders blow themselves up.
• Strategies that newbie options traders should use
• What to watch out for when selling premium

The gold bugs are getting louder.

And frankly, they should be. The weight of the evidence is stacking up in their favor.

We’re not just talking about price action here, although that’s been impressive on its own. 

The intermarket relationships and momentum dynamics are all confirming what the charts have been whispering for months.

This is an uptrend. A real one. And it’s just getting started.

Let’s walk through two key charts that tell the story.

The first time I opened a brokerage account, I didn’t know what the hell relative strength was.

I just bought dips.

In 2008…

And like clockwork, the market kept falling... and I lost everything in that little account.

Every damn dollar.

I remember thinking, “How do people actually learn to trade? Is this even possible?” It felt impossible at the time. But deep down, I knew I’d figure it out, I had to.

Fast forward a few years—I'd devoured every book, article, chart, and white paper I could find on relative strength (not to be confused with RSI—different beast).

Relative strength compares an asset’s performance to a broader index. If it drops less or climbs more, it’s showing strength. And strength attracts capital. Leaders lead. That’s the game.

But this flew in the face of everything I was ever taught…

Buy low, sell high... Where does that logic even...

I have just returned to Kansas after spending a week in New Orleans with some of the brightest minds in finance at our Portfolio Accelerator event.

I had oysters for the first time, and they exceeded my expectations. 

And I had my first hurricane, a drink that New Orleans is known for. They put way too much sugar and vodka in it... I don't think I'll try it again.

I also spent some time at the jazz bars where the music was incredible. My favorite was Pat O'Brien's Dueling Piano Bar, which I highly recommend you visit if you ever get the chance.

It was great to spend time with my Stock Market Media family. 

Jason and Spencer were unable to attend, but everyone else was there. Mary, Alfonso, Steve, Sean, Grant, Rick, Louis, Patrick, Riley, and, of course, my loud and obnoxious Cuban friend, JC.

We also welcomed friends from around the world, and I’m incredibly grateful for the deep bench of talent and insight this community brings. It’s truly the best network in the business.

One highlight was hearing Brien Lundin speak Wednesday afternoon...

The S&P GSCI Commodity Index just bounced from a critical level… again.

You don’t need to be a technician to see the importance of 500 on this chart. 

It was the top in 2018. It was the ceiling again in 2021. 

Since then, it’s become the most important shelf of support in the entire commodity complex.

Now, after retesting this level multiple times in the last two years, we’re once again sitting on the edge.

Support and resistance are not random. 

This 500-level has acted as a magnet for prices in recent years. 

If this shelf gives way, it opens the door to a much deeper reset in the commodities market.

However, for now, the level is holding steady.

Let’s talk about what this index is made of...

The S&P GSCI is primarily focused on one thing above all else: Energy.

• Energy makes up 57.4% of the index in 2025, led by:
  • WTI Crude Oil (15.3%)
  • Brent Crude Oil...

The dollar is rebounding, but don’t expect it to last

The US Dollar Index $DXY continues to sit near the top of our macro checklist. 

It’s been one of the more important tells of the cycle, not just for currencies—but for equities, commodities, and global risk assets.

Traditionally, the dollar moves opposite to US stocks. But as technicians, we know better than to marry intermarket correlations. These relationships ebb and flow, strengthen, weaken, invert, and sometimes go completely quiet. That’s normal.

Late last year, a big shift took place as stocks began to move with the dollar. It's not typical, but it’s not without precedent either. 

We're in New Orleans this week, surrounded by some of the smartest minds in finance at our Portfolio Accelerator event. 

The food here is incredible.

The music is loud.

And the markets are moving fast.

We put together a special video to walk you through what we’re seeing right now:

We discussed:

• The connection between Gold, Copper, and Crude Oil.
• Why energy stocks are struggling, and where the strength still is.
• Precious metals are leading in 2025.
• And our top setup in the mining space right now.

Miners are leading the charge in 2025, and the data backs it up

It’s not even close...

In a year when most sectors are struggling to stay afloat, precious metals and the miners are surging higher.

When we last checked in, Crude Oil futures were falling apart as they sliced through significant levels of support like butter. 

The breakdown wasn’t subtle. It was decisive and came alongside broad weakness in the entire commodity complex.

Now, the carnage is spreading.

This week, it’s not just energy commodities that are under pressure...

It’s also the stocks tied to them.

This ratio ($RSPG / $RSP) has been treading water in a sideways range for over two years. 

It has bounced from the same support level multiple times, but that level is now under serious threat. 

We’ve got a massive topping pattern on our hands. It's rounded, heavy, and on the verge of a confirmed breakdown.

One more leg lower, and Energy’s former leadership story gets completely erased.

But that’s just the beginning…