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Commodities Update: Technical Analysis: PLATINUM AND SILVER CHEETA RUNNING HIGHE

Source: Finding Finance | Date: January 22, 2026


Key Takeaways

  • Precious metals are breaking out strongly with platinum up 5.47%, silver up 3.8%, and gold up 1.72%
  • Mining stocks significantly outperforming with some positions showing 10x gains and one approaching 20x returns since 2022
  • Energy sector remains undervalued and presents accumulation opportunities while others chase momentum
  • Iron ore and commodities are setting up for major moves with "slingshot" patterns forming
  • Dollar weakness combined with potential yield increases could create challenging conditions for the Fed

Market Views

  • Platinum breaking out of resistance zone with potential for significant upside moves
  • Precious metals mining companies expected to outperform underlying metals from current low valuations
  • Energy sector poised for major moves as it's "squeezed up" and undervalued
  • Iron ore positioned for a "rip" higher based on technical patterns
  • Bitcoin holding support around current levels but vulnerable to breakdown

Assets Discussed

  • Precious Metals: Gold ($82/oz gain), Silver (3.8% up), Platinum (5.47% up, $136), Palladium (3.42% up)
  • Mining ETFs: GDX (3.83% up), GDXJ (5.5% up), SILJ (7.67% up)
  • Energy: Crude oil (down 2%), XOP, OIH (0.7% up)
  • Uranium: Physical uranium trust (1.33% up), URA, URG, URJ
  • Base Metals: Nickel, copper, iron ore
  • Crypto: Bitcoin (down 7%), Ethereum (down 1.13%)

Notable Quotes

  • "This is where the cheetahs like to run" - referring to platinum breaking out of resistance zones
  • "You start buying when no one's looking. And no one's looking at oil. They're all staring at silver and platinum breaking out."

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