Bret Oliver on HydroGraph, Bitcoin & Two Promising Silver Plays

Precious Metals & Miners Outlook

• 💡 Silver prices are expected to continue rising, with a potential "big upside move" in the next 3-6 months, possibly reaching $70-$100.
• 📈 The current market correction in precious metals is seen as a "head fake", not a substantial downturn, indicating a secular bull market.
• 🔑 Gold is outperforming the S&P 500, signaling a shift in asset allocation, with precious metals showing significantly higher returns year-to-date.

Specific Silver & Gold Miner Analysis

• 🚀 Coeur Mining (CDE) has broken out of a 20-year price downtrend and a decade-long annual momentum downtrend, with a potential target of $50-$80 per share.
• 💎 Hycroft Mining (HYMC) is considered an "optionality play" due to its large, low-grade gold and silver deposits, showing a recent breakout on quarterly momentum.
• 🗺️ AYA Gold & Silver (AYF), a Moroccan silver producer, is poised for a potential multi-year breakout if it surpasses $14.75-$15 (US$), with easy permitting due to its remote location.

HydroGraph & Base Metals

• ⚠️ For HydroGraph Clean Power, investors should monitor the 10-week moving average (currently $1.76) as a risk control level for potential profit-taking.
• 📊 Copper miners (COPX ETF) are expected to double, with the price of copper itself potentially breaking out to a new range of $10-$13 per pound.
• ✨ Platinum and Palladium are showing similar technical setups to copper, with platinum potentially reaching $5,000 in the coming years.

Macroeconomic Trends

• 📉 US Treasuries are deemed "uninvestable" and not a safe haven, with a long-term bearish outlook (price down, yield up) since late 2020.
• 🚨 A drop in T-bond futures below 111 would signal another significant downside leg for bond prices, indicating the Fed's lack of control over the long end of the curve.

Bitcoin Performance

• 🔍 Bitcoin's spread versus gold is breaking down, favoring gold, and it has not made significant headway against gold in the past four years.
• 📉 Technically, Bitcoin shows a "very topping looking pattern", with a warning sign if it drops below $100,000, indicating a potential breakdown.