Alert: Major Buy Levels On Gold & Silver As Epic Flush Continues - Here Is My Plan — Transcript

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1. 0:08[music]
2. 0:10>> Hey folks, welcome to verified
3. 0:12investing.com. My name is Gareth Soloway
4. 0:15here with a deep dive into the precious
5. 0:17metals, gold and silver mainly. We'll
6. 0:20look at GDX as well as again, we are
7. 0:23seeing the price of silver now only a
8. 0:25dollar 50 away from the target that I
9. 0:28gave you when we were north of a hundred
10. 0:30dollars on silver. I said it's going
11. 0:33back to 54. If it breaks 54, it's going
12. 0:36to 50. If it breaks 50, 46. My plan
13. 0:39here, and I'm giving you my game plan,
14. 0:41my game plan is to buy a little bit at a
15. 0:43pierce of 54, add at 50, and add at 46
16. 0:47building a core position. Essentially,
17. 0:49dollar cost averaging as there are
18. 0:51multiple major levels down there. Then
19. 0:54I'll look for at least a 20, maybe 30%
20. 0:57bounce off of that level on silver
21. 1:00sending us back up. We'll show you or
22. 1:02I'll show you where I expect the bounce
23. 1:04to come in and how high it will go.
24. 1:06We'll look at gold as well. Gold is
25. 1:07trying to break key support. If it does,
26. 1:1035 to 3600 is very likely. Again, I'll
27. 1:15probably start a little higher than that
28. 1:17just because I want to get some skin in
29. 1:18the game. But again, you have to
30. 1:20understand how the markets work here.
31. 1:22When everyone is bullish, the top is
32. 1:24probably being formed. Now, as we see
33. 1:27people starting to get panicky over the
34. 1:29precious metals, that's where we can see
35. 1:32an actual bottom, a viable bottom come
36. 1:35into play. So, I'm getting excited here
37. 1:37folks. I mean, this is what I love is
38. 1:39the levels, how the charts guide us.
39. 1:42It's why I teach how to read the charts
40. 1:43because it's not perfect, but at least
41. 1:45it makes me have the probabilities and
42. 1:47odds in my favor. Let's go into the
43. 1:49silver chart here guys. Take a look.
44. 1:51Here's your silver chart. Again, notice
45. 1:54on the chart breaking it down. I want to
46. 1:56show you this. This was the signal when
47. 1:58I went out and called that high pivot on
48. 2:00silver. It actually did go higher after
49. 2:03my alert, but this is what we call a
50. 2:05topping tail. A topping tail is a long
51. 2:08wick on top with a close in the lower
52. 2:1125% from the low of the candle to the
53. 2:14high of the candle, right? So, closed in
54. 2:16the lower 25. Now, the way topping tails
55. 2:18work in technical analysis is that as
56. 2:21you rally up, you can go above that high
57. 2:24of the tail as long as you don't get a
58. 2:25daily close above that high. So, the
59. 2:28high here was 11770 or so. Notice, we
60. 2:32went above that touching 120 or so on
61. 2:35silver, but it never had a daily close.
62. 2:37Therefore, the structure of that as a
63. 2:39bearish indicator remained fully intact.
64. 2:43And again, so yes, it absolutely went a
65. 2:46little bit higher here than what I
66. 2:48thought it could do, but it never
67. 2:49negated my bear signal. Then we got the
68. 2:52massive damage done by the flush. This
69. 2:54was a classic bear flag. I said it was
70. 2:56going to roll over, came down, hit
71. 2:58double bottom right here, bounced again.
72. 3:01We came up, we created this to create
73. 3:03our wedge pattern structure, and then we
74. 3:05came down. Now, notice, one hit, two
75. 3:08hits, three hits. You almost never break
76. 3:10on the first three hits of a trend line.
77. 3:12It's usually on the fourth or after.
78. 3:14This was your fourth, and it broke. And
79. 3:16I told you guys it was going lower, and
80. 3:18it broke to the downside. Then we did a
81. 3:20classic retrace, and now we're coming
82. 3:22down to that level that I said we would
83. 3:24come to, 54 as first support. Second
84. 3:28support, see this little structure here,
85. 3:30this little low pullback? That becomes
86. 3:32second support, which is at $50 right
87. 3:35there, or it pierces 50. And then, the
88. 3:37big level, the big kahuna if it ever
89. 3:39gets there. I don't know if it will, but
90. 3:40would be 46 right here. So, again, this
91. 3:43is again, if we look at this, I start
92. 3:46nibbling right here. And amazing,
93. 3:47amazing, right? I mean, people made so
94. 3:49much fun of me, um, you know, when I
95. 3:51said, hey, I'm not buying till 54 when
96. 3:54it was $100, when it was 80, when it was
97. 3:5770, when it was 60. And here we are
98. 4:00literally a buck 50 away from that
99. 4:02target. It could hit overnight. I'm
100. 4:03going to be watching like a hawk. Um,
101. 4:06for me, I trade the ETF, so I'll be a
102. 4:08buyer of SLV. That will be the key one
103. 4:11there. The GLD is one I'll play as well.
104. 4:13And we'll look at the GDX as well cuz I
105. 4:15got to be honest, the miners are getting
106. 4:17into a key level that could be very
107. 4:19intriguing. Okay, so getting into this
108. 4:22level, target one, target two, target
109. 4:24three. Do I think it could go lower than
110. 4:2546? Well, sure. I mean, you know,
111. 4:29one thing that I've learned and the
112. 4:30market has humbled me infinite amounts
113. 4:32of times is that in general, because
114. 4:36emotion rules the market in the short
115. 4:38term while fundamentals rule it in the
116. 4:40long term and technicals guide us
117. 4:42generally in the short term is that
118. 4:44because fear can be so pervasive just
119. 4:46like greed, things can go well above
120. 4:49where I think they can go and well
121. 4:50below. So, you have to be ready for
122. 4:52that. You know, anytime I I buy in, if
123. 4:54I'm going to buy a position at 54, then
124. 4:56at 50, then at 46, I'll even leave a
125. 4:59chunk that I can add if it goes below
126. 5:01there. Now, it wouldn't be a huge chunk
127. 5:03at that point, but nonetheless, I think
128. 5:05again, um, in this range, if you look at
129. 5:08where price has come back to, it makes a
130. 5:09lot of sense. In fact, you can do other
131. 5:12metrics too. Like if we look at this
132. 5:14low, which was our 2025 low on silver,
133. 5:16it was $28, right? So, one of the ways
134. 5:19we can do this is we do a Fibonacci
135. 5:21retrace. We take our fib, we draw it up
136. 5:23here, and what do you guys notice?
137. 5:25Where's Where's the 786 fib? Right smack
138. 5:28in the middle of these lower two levels,
139. 5:30right? So, that gives a little extra
140. 5:31credence about where we could pull back
141. 5:34to. And remember, the way I work too is
142. 5:36that let's just say I buy here, here,
143. 5:38and here, and that's my average. My
144. 5:40average would be approximately around 50
145. 5:42bucks. If it bounces back to 64, which
146. 5:44is where I think that'll you'll get a
147. 5:46bounce, I'll at least take off half the
148. 5:48position. And then if it breaks out,
149. 5:49great, I'll ride the rest up and I can,
150. 5:51you know, back to here. But if it goes
151. 5:54to 64 and gets rejected and comes back
152. 5:56to 50, I can also re-add to that
153. 5:58position, right? So this is all about
154. 6:00money management. The biggest thing an
155. 6:03investor or trader needs is the ability
156. 6:05to think logically and not let emotion
157. 6:08take over. As soon as you let emotion
158. 6:09take over, you've lost. Like the market
159. 6:12will feed off your emotion. It's like
160. 6:14chum in the water for sharks, right? The
161. 6:15the institutional analysts, the money
162. 6:17managers, all of those players are just
163. 6:19like, "Oh, blood in the water. Da da da,
164. 6:21you know?" They'll take advantage of
165. 6:23every nuance. They'll push it to one
166. 6:24extreme, they'll push it to the other
167. 6:26extreme, whipping you out. We've all
168. 6:27experienced that. I mean, I I
169. 6:29I certainly have experienced that,
170. 6:30right? But the idea is if you can get
171. 6:32logical and you have your your game plan
172. 6:35laid out, like, "Okay, I'm going to I'm
173. 6:36going to divide my amount that I want in
174. 6:38silver into four pieces. Four pieces."
175. 6:40Now, you might say, "Well, why four?
176. 6:42You're only mentioning three." Well, let
177. 6:43me explain. Because my first one's at
178. 6:4654, then 50, then 46. And then I leave
179. 6:49that last one in case price flushes even
180. 6:51more. Now, if it doesn't, okay. Well,
181. 6:53then I have a great average and I'm in
182. 6:55the money very quickly and it's great.
183. 6:57But I always plan for the inevitable
184. 6:59time when the market surprise. And they
185. 7:01will. They surprise to the upside, they
186. 7:03surprise to the downside. All right,
187. 7:05again, lots of interesting things. All
188. 7:07right, let's go to gold real quick here,
189. 7:08guys. See where gold is trading. Gold is
190. 7:10getting slammed to the downside. It is
191. 7:12now below 4,000 at 3980.
192. 7:16Again, this has been a structure I've
193. 7:17been following right here. In fact, I
194. 7:19played longs on gold off of this level.
195. 7:21I'm not playing one anymore because I am
196. 7:23concerned that it's going to break this
197. 7:24level. Now, if we can break here, then
198. 7:26it's a breakout. But until we do, I'm
199. 7:29favoring the downside. Where is a first
200. 7:31level where I might nibble a little bit?
201. 7:33This low pivot right here around 3885.
202. 7:36Again, I do think it can go lower than
203. 7:38that and I do think it most likely will,
204. 7:40maybe as low as 3450 here, but again,
205. 7:43that would be maybe a nibble opportunity
206. 7:46for me there. There's another little
207. 7:47level here at 3775.
208. 7:50There's another structural level at
209. 7:513635, and then obviously this 35 3450
210. 7:54level right here. So, the idea is this
211. 7:57now becomes my accumulation zone, right?
212. 8:00So, again, it's all about having a game
213. 8:02plan. What is your game plan? And your
214. 8:04game plan doesn't have to be my game
215. 8:05plan. Do a game plan that fits you. But
216. 8:07the idea is is that this becomes my
217. 8:10accumulation zone. Once we get below
218. 8:12this level, anywhere in here, I'll just
219. 8:14divide up the amount that I want to
220. 8:16dollar cost average in on my gold trade
221. 8:19with the thesis that I love it long-term
222. 8:21with an upside target. And by the way, I
223. 8:23will be releasing by Friday, so
224. 8:26tomorrow, at some point tomorrow, I'm
225. 8:27going to be releasing a massive research
226. 8:30report that is so in-depth on gold, it
227. 8:33should blow you away. It's better than
228. 8:34any research report, in my humble
229. 8:36opinion, that any institution has put
230. 8:38out. I'm also I also created a gold
231. 8:40calculator, which allows you to put your
232. 8:43inputs in to decide or it it'll tell you
233. 8:46what years gold is going to top out it
234. 8:48or when the next bull market will happen
235. 8:50and where gold will go on that next bull
236. 8:52market. Mine is telling me uh 2031 to
237. 8:562033
238. 8:58uh with a top of around 13,000. That'll
239. 9:00be the next peak in gold. Now, some of
240. 9:02you guys will say, "Oh my goodness,
241. 9:04that's way too high." Others will say,
242. 9:06"Oh my goodness, it's going to happen a
243. 9:07lot sooner." That's the beauty of it.
244. 9:09That's what trading and investing is all
245. 9:10about. You got to have lots of different
246. 9:13opinions. That's what creates a market.
247. 9:15All right, guys. So, um let's go to a
248. 9:17couple other charts here, but great
249. 9:19sell-off on gold here. Let's look at the
250. 9:21GDX real quick. Um GDX here is breaking
251. 9:25down. I am intrigued. So, this is my
252. 9:26ultimate downside maximum on GDX down to
253. 9:29about 56 to 57. Um I do think it's
254. 9:33worthwhile for a swing trade to play it
255. 9:35right here at 68, which is not far away.
256. 9:37Pivot low right there. In fact, if we
257. 9:39drag that out, look at that little pivot
258. 9:41low right there. So, that looks good on
259. 9:43GDX. And then Newmont Mining, look at
260. 9:45the Newmont bear flag breakdown. This
261. 9:47tells me, again, this is not a good
262. 9:49chart on Newmont Mining. It's probably
263. 9:50going lower. We're probably looking here
264. 9:53at this area around 82 or so, about 82
265. 9:57here, maybe as low as 77. So, I will
266. 10:00keep an eye on that, no doubt about it,
267. 10:03guys. But, listen, when all said and
268. 10:04done, I do want to just mention, real
269. 10:06quick, guys, don't forget Gareth's Top
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282. 10:36support me and just support what I'm
283. 10:38doing here, a much more technical
284. 10:40approach. And I do appreciate the kind
285. 10:41words, mean the world to me. It keeps me
286. 10:43driven, right? It's you know, when you
287. 10:45when it's it's appreciation type thing,
288. 10:47right? So, you know, sometimes, you
289. 10:49know, people are like ridiculous and and
290. 10:51stuff, and then it's like, okay, why do
291. 10:52I do this? But, then when I see the
292. 10:54great comments from a lot of you guys,
293. 10:55I'm like, oh yeah, that's why I do it,
294. 10:56because people do appreciate the effort
295. 10:59and and the work ethic and the analysis
296. 11:01and the insight. So, anyways, guys,
297. 11:03enough said by me. Have a good rest of
298. 11:05your day. I'll talk to you soon.