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."
Related Charts
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