Steve Barton of In It to Win It breaks down the charts for gold, silver and uranium, and explains why he sees uranium as the strongest trade setup right now.
Barton identifies $4,000 gold as a key support level, with $3,500 as a possible next stop if it breaks. He also discusses silver’s pullback toward $50 and the signs he’d watch for a reversal. On uranium, he cites an annual gap of roughly 30 million pounds between consumption and mine production, and points to a disconnect between rising uranium prices and falling mining equities.
We also discuss his approach to uranium exposure, buying copper on pullbacks, oil stocks, and why chart patterns can be less reliable in illiquid junior mining shares.
Information for this briefing was found via the sources and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
