Discussing what to watch in precious metals and giving outlook for 2026, setting up for the day ahead with April gold analysis.
Phil Strebel
Key gold support at 5000 psychological level, resistance at 5121, with sustained break above 5150 potentially leading to push to 5450 especially if economic data weakens (labor and inflation).
Phil Strebel
Silver analysis with key level at $80, volatility consolidating at low end of range.
Phil Strebel
ETF flows: buying gold and palladium, selling silver and platinum. Gold ETFs up 1.1% YTD while silver ETFs down 2.4% YTD.
Phil Strebel
Broader markets showing green with stock futures edging higher, S&P 500 firms on track for 14.5% earnings increase in Q4.
Phil Strebel
Clients actively long Russell 2000 as core position paired with gold and commodities, maintaining these positions since May.
Phil Strebel
High probability for June interest rate cut (75% chance), March cut at 17.7% chance.
Phil Strebel
Dollar index and falling 10-year Treasury yields were biggest boost to gold market, with dollar index key level at 97.87.
Phil Strebel
Market updates: WTI crude at 64.51, 10-year yields at 4.19%, Bitcoin at 69,150, European and Asian stocks posting gains.
Gold recapturing positive momentum today, currencies leading moves in precious metals, silver volatility consolidating.
Speaker2
Watching 10-year Treasury yield because another break could give boost to Russell and gold markets.
Speaker2
Will discuss fundamentals of precious metals drivers and price predictions on CNBC Power Lunch.