Today I post the SIL etf weekly chart, which is composed of larger silver miners, vs. SILJ which is supposed to focus on junior silver miners, though its weighted heavily towards the mid-caps in the group. Here again we see a significant breakout today, the sixth time SIL has come up to test the $47.50 area. The beautiful thing about this chart is that this move is occurring without much fanfare or participation by investors, also silver itself has just broken the $36 level today, finally clearing the $35 resistance that has held for awhile now. I can confidently say that new all-time highs are in the cards for both SIL and Silver (and SILJ too), and they likely won’t take long to get there. Even better, the percentage gains from here are still substantial, when Silver gets to $50 it will have jumped almost 50% from today’s price, the miners will do even better than that, and the moves in Silver happen very quickly, to add icing on the cake.

Even though we have had a stellar week, one of the best in my career with accounts I manage up more than 20% just this week, there is still tons of upside left in the metals and miners. But you can’t wait much longer, for example, already I would not chase the move with options, or the most speculative juniors since they are both up a lot already in a short period of time. I wouldn’t buy the options here because the upside volatility has exploded and the buyer has to pay up for that, and I won’t add to my junior explorers because they have been starved of operating capital for awhile now, much higher prices and some of them will do secondary offerings in which the dilution will eat up your gains. Still, I have not sold and won’t the options and junior I have at the moment, the unrealized gains are large enough that a dilution for pullback has little chance of knocking me out of the game.

Miners might be moving higher so quickly to catch up to the metals themselves, or investors might be licking their chops thinking of the fat earnings and huge free cash flows that will be reported in the next earnings releases, starting in early August. The miners reported record results for the first quarter, typically the worst of the year for miners, imagine what the numbers will be like this quarter, with higher average selling prices for their metals. In short, the miners have some serious catching up to do, and I am confident they will do it, just like always. They are the place to be now.

Today the SILJ etf closed at $14.18, just above last October’s high. After this zone with a top end around $14.44, the fund will have little resistance on its way up to its all-time highs, and I truly think SILJ will trade significantly higher than its all-time highs before bull is over. In fact, while there will be painful pullbacks all along the way, the gains that will be made will make up for any pain bulls have felt over the last few years. But you will have to be invested in them, and with a substantial enough bet size, to make any significant difference in your financial future. Simply put, all the stars are aligned now for the miners, both fundamentals and now technicals on the charts. While I am prepared for the occasional turbulence that will jolt the group lower and in a very scary manner, the future upside potential and probability of it occurring is where I keep my focus. The weekly chart below goes back 10 years, note the 2016 run that occurred as the market decided to transition from a mauling bear into a future bull. That run only lasted about 6 months, but we more that tripled our money here at itrade4real.com, aka realprotrader.com. I’m happy to say I nailed it back then, and while I was a fervent bull during the move, I also followed my sell signals when they came, just about top-ticking the market. I don’t want to gloat, but then again, facts are facts.

The more important issue is what about today? Well, I can say that today is more clear than any other time in a bull market. The gains we are seeing in precious metals now, are still just a part of the bigger bull, but the very best part. For those that haven’t been involved, this is the stage where the biggest gains are made, and in the shortest amount of time. Along that thought process, this time will be different from the last highs in silver, for example, made in both 1980 and 2011, because this time silver will blow through those highs so that the $50 level will be the new floor. That means we can only guess what the new ceiling will be in the new trading range that will exist, but I can tell you that a $50 floor on silver has gigantic implications for the prices of mining stocks. They are simply the most hated group ever, and that means just about everybody is a prospect to change their mind once they prove to be the best investment month after month, year after year. There is so much money out there that will be looking to invest in not only the best performing group, but also a group that trades contra to what will continue to fall out of favor, in bonds and the general stock market. Yes, a pullback can and will come at any time, don’t try to sidestep it, use it to add to your positions if its scary enough, and remember that bull markets will correct errors in timing. The important thing to remember is that you have to be involved, the earlier the better. One can’t afford to miss two-day gains in their overall portfolio of 12-13% when they come along, you have to be in them ahead of time, and able to endure the shakeouts.

Not only are GDX and GDXJ making new bull market highs today, they are at prices not seen since 2011-2012. SIL and SILJ, the silver miners etfs, are not far behind, either. SIL got within a few pennies of a new bull high, while SIL has already achieved the mark. Many of our miners continue to make new highs, both for this bull, and in many cases all-time highs. It’s not too late, but I’ve learned that chasing moves can hurt, especially in the short term. If not already loaded, one has to weigh the risk of chasing vs the rewards that still lie ahead, and in this observers opinion, it still pays well to get long if you haven’t been invested in the group. That said, I am not buying or adding to positions today, as our accounts are already heavily invested and pushing for more. The best part is today’s huge move up, rare for a Monday, is occurring on no particular news. That is odd, because with so much volume being traded, somebody big is doing plenty of buying. Here is a weekly chart of GDX going back sixteen years, it should be clear to everybody that miners are going higher still.

The silver miners and junior explorers continue to hang in there, in the face of short term overbought technicals. I wouldn’t be short a chart like this, would you? To me, it looks like SILJ is getting ready to find a new trading zone above current prices. Price is above all the moving averages, which are spreading out as they trend higher.

Just a quick post to prove metals and miners are in a bull market. Here are three more of our holdings, and there are many others I will try to show in future posts. The point is that the bull is strong, and very much alive, with much more upside to come. I posted our largest holding the other day, Coeur Mining, which continues to make new multi-year highs today. Even though we are up a lot in these names already, I refuse to sell any shares on that idea alone. Stocks like CDE could double from here, then double again, easily putting the stock up over $33 per share. But remember, for exponential gains that produce “10 baggers”, the earlier and cheaper you have your positions, the easier it is to make multiples on your investment. While they public still has not begun to chatter about the miners, much less chase them up in a buying frenzy, its still not too late to get involved!

Here we see daily charts of SSRM, ASM, and NGD, all big winners for us already, but like CDE, they have much, much more upside to come. Bull markets in miners are something to behold, they rise fast and furious, so far these gains have been relatively tame, but the window is closing on where professionals would be willing to buy. I’m quite sure several of the pros already own miners, with more to come, as other names are showing promise that they will be next to fly. First Majestic (AG) comes to mind, as well as SVM, PAAS, EXK, AYASF, and even the junior explorers have perked up. Own them while they are cheap!

No need to write me that my trendlines are off, I draw them very loosely and don’t use them in my entry or exit orders, only to illustrate the direction of the general trend. I also forgot to add that I recently purchased SLVR, Sprott’s new silver miner etf that also has nearly 20% in PSLV, the physical silver etf by the same company. I like the portfolio, for those looking to get exposure to real juniors and want to diversify among the group, but don’t have the time to keep up on so many individual junior explorers and producers. We are still heavily weighted in the mid-cap producers as they have started to take off higher. I expect that to continue and then we should see the juniors get their day in the sun, some like DSVSF already have rocketed, but many more juniors should follow as the bull matures. We are right in the sweet spot at the moment, its time to get involved or forget the idea altogether, but I think passing on this opportunity will be something to regret.

Just what we want to see, all resistance getting out on the weekly chart, with the MACD sporting a wide-open “mouth” ready for more. The stochastics are getting overbought, but they have not crossed lower yet, and it strong bull moves they often get embedded in overbought territory. We can’t know if this is one of those times or not, but the breakout is signficant no matter what, and next resistance doesn’t show up until the $11.50-$12 area, after that the $16 area might provide a little resistance, however both levels won’t cap CDE for long, then its off to the all-time highs up near $50. Only small pockets of resistance here and there along the way, like the $32-$37 level, but by then we will already have a 10-bagger (10x our investment) on our hands. CDE is our largest holding, and they just announced a $75 million share buyback, and Chariman Krebs said “after years of heavy investment, Coeur is now in position to return capital to shareholders”, just what we want to hear at this point in the cycle. The company get 70% of revenues from gold, 30% from silver at the moment, and in another year or so, it will be 65% gold and 35% from silver, maybe more after the SILV acquisition.

And for a bigger picture, just to see how much potential CDE still has in this bull market, take a look at it’s monthly bar chart (log scale). Note the stochastics have just crossed higher, while the MACD has just opened wide again. This stock can really run, when it decides it’s time. It’s still not to late to capture some huge gains in miners like CDE, but early buys are low prices arer what compounding and exponential gains are made of, so make up your mind soon!

I’m happy to report that the bull market in metals and miners appears to have resumed, after a short but strong shakeout that has left many bulls on the sidelines, patting themselves on the back for avoiding a little pain, while forfeiting positions that they now find difficult to buy back. If they won’t show you their actual brokerage statements, odds are they are not making the gains they claim.

Here is a case in point, a quick glance at one of our holdings, would leave the reader thinking “so what? its going up, but nothing spectacular”. Discovery Silver is already up 401% in our accounts, with that common-looking chart, and also not how many times it would have been easiest to ring the register. But that lis not how four-baggers (4x your investment) are made, because the temptation and fear push a person to feel great taking profits at 100%, and if not then, for sure at 200%, you get the point. But each of those levels doesn’t sound too attractive when just 6-10 months later you would be up 400%. The best part is, this stock could easily double from here, and while buyers today would ounly double there money, we would be up 800% at that point. The point is to let your winners run, things go way higher and way lower than anybody could imagine, so cut your losses as well. Don’t settle for a double when you have a ten-bagger or more in your hands. And it just made new bull market highs, its going a lot higher is my bet, and there are many more like it, don’t miss the opportunity in miners, because the window on low-risk entries is closing.

Just a quick update, will you be ready to buy or add to positions soon? Can GDX go lower first, sure it can, but many of our miners continue to make new all-time highs each day, or at least new 52 week highs, and this is happening with the two major etfs GDX and GDXJ experiencing outflows still, every week this year! Its as if nobody is involved, the recipe for gigantic gains over the coming years. Pay attention to guys like Michael Oliver and Graddhy (on X, aka Twitter), they have navigated the bull quite well thus far, and before I forget, James Flanigan from the Gann service is another professional to follow.

Ratio charts, especially long-term charts like the monthly ones below, often tell us when very significant trend changes have occurred. Money is flowing into gold (GLD) and miners (GDX), and out of the general stock market. Because these charts go back many years, I expect these new trends in favor or precious metals and their miners to continue. Likewise, the stock market could weaken further, but even if all the liquidity (money-printing) they have added to the system keeps the stock market afloat, that just implies even higher prices for metals and miners. I added to a few positions yesterday before the close, like EXK, CDE, GLGDF, JAGGF, and ANPMF.

The charts speak for themselves, miners, gold, and silver are the place to be. Sitting tight with everything, after having added small amounts here and there over the last several day pullback. Subscribers can access actual account statements that include all trading activity, current positions, and both realized and unrealized gains and losses, information worth its weight in gold, and something no other site is willing to do. If they really make money alongside their claims, why not show their subscribers the actual data instead of making outrageous claims and expecting people to believe and act on it. Before you follow anybody’s actions or advice, shouldn’t you be sure their claims are true? Just a thought, as almost nobody wanted to touch miners in the last year and longer, but the higher this bull runs, the more people you will notice are out there touting themselves as having been in front of it the whole time. Just ask to see their statements, and watch what happens!

Today is Thursday March 27, 2025, and the metals and miners look like they are going to gap up higher when the markets open. Today, tomorrow, and Monday are especially important because Monday will be the end of the month and first quarter of 2025 as well. The way things are shaping up, if gold, silver, and the miners can hold up or make further gains, the longer term charts are going to be as pretty as the GDX chart below. As I recently mentioned, longer term break outs and trends are more significant, and thus have larger implications for the future direction and distance of potential moves. It’s time to buckle up again, as more people realize that SGDM (Sprott’s miner etf) was the best performing etf of all in Q1 (according to Zacks, it was up 31.6%!), it will bring in more buyers to the group, and we might get a real rocket ride!