Steve Barton from "In It to Win It" discusses major moves in the precious metals markets, with gold breaking through $4,100 and silver surpassing the $50 mark. Barton explains the powerful cup and handle breakout pattern in gold and outlines Fibonacci extension targets, suggesting possible resistance near $4,400 while cautioning that indicators show the market is overextended. He emphasizes that while speculative mining stocks may warrant trimming, physical gold and silver should be held firmly amid ongoing monetary instability. Turning to silver, Barton highlights its severe backwardation — a rare signal of physical shortage — noting it mirrors conditions last seen in 1980 and 2011 during major price spikes. He concludes by pointing to platinum’s breakout from a long consolidation, calling it undervalued relative to gold and a promising candidate for ratio-based trades in the unfolding bull market.
Steve Barton's affiliate link: https://gumroad.com/a/352885395/bkzxyz
INTERVIEW TIMELINE:
0:00 Intro
1:20 Gold update
12:45 Silver backwardation & shortages
26:00 Platinum update
29:54 Weekly specials
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