In this video lesson, I review the overall market, data that I am seeing that indicates this could be a short-term fakeout-breakout, and the reasons why I remain cautiously bullish throughout 2026.

Gold closed the week above $4,300, silver surged past $60, and mining stocks are now confirming the bull market. Meanwhile, Bitcoin continues to lag as real money takes center stage. Peter breaks down:

This week’s market wrap covers the Fed’s latest rate cut and stealth QE, sharp moves in gold and silver, and an in-depth interview with WPIC’s Edward Sterck on platinum and palladium outlooks, EV impact, and future PGM demand.

Commodity desks at Goldman Sachs, UBS, Citigroup, and Bernstein all see lithium demand poised to surge after the electric vehicle boom-and-bust cycle.

Stock fell heavily. Gold and silver rallied sharply in the morning, and then gave it back in the afternoon.

This stock is just confounding. It plunged yesterday based on company announcements related to self-driving AI. Then it ostensibly mega-rallied today for the same reason.

India has experienced an unusual surge in gold and silver imports this year, as they are traditionally known as a price-sensitive buyer, yet have seen elevated levels of purchasing even as the prices were at or near all-time highs.

Gold is consolidating high again, prolonging its remarkable monster bull. Since rocketing into extreme overboughtness in mid-October, gold has largely been drifting sideways on balance.