
Portfolio Manager at ValueTrend Wealth Management
Member since: May '09 · 2739 Opinions
He likes materials, but pared back on gold last March. All materials moved up and are now consolidating. AEM went parabolic in early 2026, so no surprise it's pulled back, and the chart is now on the historic trendline. It's an okay play if you're patient. Maybe wait for it to bounce off this trendline. He expect gold to move up in a few months.
The US and Iran may be struck a peace deal and could be reopening the Strait of Hormuz, but there's a big backlog of oil. They have to rebuild what was destroyed to resume oil production. Strategic reserves need to be refilled. All this takes time. That's why it will keep oil around $80 a barrel. BTW can make money at $60. Beyond 6 months, oil producers will make money hand over fist. BTE's uptrend may be in question, but expects it to find support at current levels.