Dana Lyons – Trading The Recent Volatility In US Equities, Copper, Gold, And Silver

Dana Lyons, Fund Manager and Editor of The Lyons Share Pro, joins us to review the recent pullback in most market sectors, and how he is trading the volatility in US equities, copper, gold, and silver.  With regards to the overall health of the general US equity markets he notes that most of the weakness has been in the weighted indexes and larger cap stocks.  When reviewing the better market breadth and that the small-cap and mid-cap stocks held up better the end of this week, he sees that as a constructive sign of underlying market strength. Technically their models have not changed to bearish and Dana is still constructive for higher levels in the medium-term. 


Pivoting over to the commodities weakness this we saw all week long, we touch on the pullback in copper, gold, and silver, and in particular, where he would look to start scaling back in based on technical signals and Fibonacci retracement levels.  When looking at the volatility in silver, Dana shares his thoughts on how this can be an opportunity for swing-traders and position-traders, but feels despite the consolidation of the recent gains, that he’d be looking to accumulate anywhere down near where the breakouts started.  




Click here to visit The Lyons Share Pro website to follow along with what Dana is investing in.

    May 31, 2024 31:20 PM

    Technical Silver Breakout Confirmed as Stagflation Fears Mount

    David Erfle – The Junior Mining Junky – Friday May 31, 2024

    “Silver prices have surged to their highest levels since December 2012, driven by robust industrial demand and expectations of Federal Reserve interest rate cuts. Following a March technically confirmed breakout in gold with a monthly basis close above critical 13-year resistance at $2100, the silver price ended May trading on the COMEX this morning above major 12-year resistance at $30.”

    “With the trend being solidly to the upside as silver continues to lead gold higher, this is classic precious metals bull market action. After a monthly close above stiff multi-year resistance at $30 silver this week, the expectation is that both gold and silver could rise further, with periods of backing and filling, as both have now broken through major multi-year technical resistance levels.”

    May 31, 2024 31:01 PM
    NatGas: Latest HH Report
    Downtrend Pierced
    Gold C Soon

      Jun 03, 2024 03:47 AM

      NatGas may have bottomed Friday.

    May 31, 2024 31:43 PM

    All is perfectly well in the gold sector. Don’t let silver’s pullback fool you for a second.
    It finished the month:
    – above its final Fib fan resistance
    -7% above its upper monthly Bollinger band
    -at its best monthly close since January 2013

    May 31, 2024 31:01 PM

    SILJ had a great monthly close versus GDX and is likely to outperform it for years…