Gold Surges Above $4,000 as GDX Jumps 13.6% and Silver Rallies 5.4% ~ Monday Market Moves
📩 Website: https://www.stevebartonmoney.com/ 📩 Substack Spooktacular Sale: https://stevebarton.substack.com/Spook15 📈 Technical Analysis for Beginners at 15% OFF: https://stevebarton.gumroad.com/l/TechnicalAnalysisforBeginners/SPOOK15 🌎 Travel Channel: https://www.youtube.com/@inittowinittravel/featured 🌎 Conference Nov 22-24 Discount Code ITW500 https://abovebeyondsummit.com/ Recording Date 11-6-2026. The stock market took a beating this week, with the S&P 500 falling 2.7% and the QQQ breaking below its 200-day moving average. I expect further weakness in equities, but precious metals are showing encouraging strength. Gold surged 4.5% and reclaimed $4,000, while silver gained 5.4% and GDX rallied 13.6%. I added more physical silver through Battle Bank's vaulted storage and recorded the entire buying process for an upcoming episode. Copper dropped 3.8% and broke below its 200-day moving average, although copper miners are showing positive RSI divergence. Meanwhile, platinum gained 7%, palladium rose 3%, and Nornickel's planned 2027 smelter overhaul could create tighter palladium supplies. Uranium remains my favorite opportunity. Spot prices slipped 0.7%, but the Sprott Physical Uranium Trust is trading at an estimated 16% discount to NAV, and I bought more this week. URNM is showing positive divergence near technical support, while the uranium miners to spot uranium ratio suggests historically attractive valuations. Oil suffered a brutal selloff, with WTI plunging 12.2%, Brent falling 13.6%, and XLE losing 12%. Both crude benchmarks found support near their 200-day moving averages, creating potential opportunities in energy stocks. Natural gas rallied 7.5%, even as FCG crashed 14.5%. Thermal coal fell 8.9%, metallurgical coal declined 2.3%, and nickel gained 7.7%. I'll explain where I'm buying, where I'm waiting, and what the charts suggest for next week. Key Insights in this episode ✅ The S&P 500 falls 2.7%, while the QQQ breaks below its 200-day moving average, raising concerns about further market weakness. ✅ Gold rallies 4.5% above $4,000, silver gains 5.4%, and gold miners surge 13.6%, signaling renewed strength in precious metals. ✅ Uranium remains my favorite opportunity, with the Sprott Physical Uranium Trust trading at an estimated 16% discount to NAV and URNM showing positive divergence. ✅ Oil plunges as WTI loses 12.2%, Brent drops 13.6%, and XLE falls 12%, bringing energy equities closer to attractive buying levels. ✅ Natural gas gains 7.5% while FCG crashes 14.5%, highlighting the importance of technical resistance and profit-taking strategies. ✅ Platinum and palladium rebound from oversold levels, while Nornickel's planned smelter overhaul could tighten future palladium supplies. Affiliates /Tools for Success that I Love and find Helpful: Technical Analysis Series Battle Bank Rule Symposium 2026 Rule Classroom (Free) Rule Classroom Plus (2 Free Months) TradingView (Free) Lobo's Weekly Recap (Free) Uranium Insider Newsletter Chapters 0:00 S&P 500 Tech Selloff DXY and Treasury Yields 2:43 Gold Reclaims $4,000 PHYS and GDX 5:45 Silver Rallies 5.4% PSLV and SILJ 10:02 Copper Breaks Support and COPX Divergence 11:20 Uranium SPUT Discount and URNM Buying Opportunities 16:22 WTI Crashes 12.2% Brent and XLE Outlook 20:16 Natural Gas Rallies While FCG Plunges 21:43 Thermal Coal Selloff and COAL ETF Volatility 23:40 Platinum Rebounds 7% and Palladium Supply Risks 24:57 Nickel Rallies 7.7% and Resistance Levels 25:32 PICK ETF and Major Mining Stock Risks 26:27 Final Thoughts and Happy Trading DISCLAIMER: Steve Barton and In It To Win It are not registered investment advisers or broker-dealers. This is general, impersonal education and opinion - not individualized financial advice. Stocks, price levels, position sizes, and personal trades are not instructions to act. Investing involves risk, including total loss. I may own and trade securities discussed. Any of these links may be affiliate links, meaning at no extra cost to you In It To Win It may get compensation. Any sponsored travel will be disclosed. Information may change without notice. Do your own due diligence and consult a licensed professional. Past performance does not guarantee future results. #MondayMarketMoves #InItToWinIt #SteveBarton #StockMarket #SP500 #Gold #Silver #Uranium #UraniumStocks #OilPrices #NaturalGas #Coal #Copper #Platinum #Palladium #MiningStocks #EnergyStocks #PreciousMetals #TechnicalAnalysis #Investing