Steve Penny Predicts $10,000 Gold and $300 Silver
Description
Legendary market analyst Steve Penny from Silver Chartist returns with a powerful breakdown of gold, silver, oil, uranium, and overlooked resource stocks. With gold closing above 4000 and silver approaching the key 50 level, Steve explains what these moves mean for both long-term investors and short-term traders. He highlights technical signals on the charts and outlines why caution is needed at these elevated levels, especially in silver and gold. His analysis of copper, uranium through URNM and SPUT, and oil's relative undervaluation provides timely perspective on the broader commodities landscape.
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Steve shares insights on the strength of energy stocks like ExxonMobil, Devon Energy, Birchcliff, and Peyto, emphasizing the unique setup forming in the oil and gas space. He also dives into housing ratios, explains how to build conviction through fundamentals, and reveals his strategy for managing physical metals through different market phases. With a focus on long-term wealth building and financial freedom, this episode is a must-watch for those seeking clarity in a volatile market. Like, share, and subscribe for more in-depth investment insights from Steve Penny and other top voices in the resource sector.
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🔥 Key Topics Discussed
✅ Gold silver copper and uranium price outlook
✅ Gold to oil ratio and market signals
✅ Energy stock setups including Exxon and Devon
✅ Using fundamentals and charts to invest smarter
✅ Silver and gold value compared to real estate
✅ Uranium opportunities with SPUT URNM and URNJ
✅ Lessons from past oil price crashes
✅ Physical metals strategy for long term wealth
✅ Why silver could skyrocket from industrial demand
✅ New tools and training for Silver Chartist members
✅ Steve Penny on wealth time and true freedom
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New Orleans Investment Conference Nov 2-5-2025
Rule Classroom Plus (2 Free Months)
Chapters:
00:00 Steve Penny from Silver Chartist
00:52 Gold charts showing new highs and key levels
04:35 Silver analysis and major price targets
06:47 Silver support zones and resistance at 50
09:13 How Steve and Steve Barton reach similar conclusions
10:56 Copper outlook and long-term potential
13:14 Uranium setup using SPUT URNM and URNJ
16:07 Oil chart signals and macro-outlook
16:47 Oil at negative 30 and COVID market impact
18:43 Gold to oil ratio hitting extremes
20:28 Oil trend lines and future price signals
21:32 Are foreign governments buying silver
23:59 Swapping metals and tax implications
24:57 Steve’s physical metals sell strategy </sp
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