Verum Market Technicals

• A private version of GMG Research is coming soon.

• Banks are heavily short USD. We would be fading EURUSD. Treasuries are trending higher, spreads remain wide, gold weakens, and equities hold steady as rates rise.

• Silver outperforms, platinum breaks out, and this week we revisit our April 28th gold call—plus key setups in Meta, AMD, ASTS, Opera, and Applied Digital.

• Sundar Pichai and Tim Cook need to go. WWDC event for apple is this week. They better show us something big.

Treasury auction schedule this week: 3-year on Tuesday, 10-year on Wednesday, and 30-year on Thursday.

The Fed is gaining room to cut rates as core inflation drops to 2.5%, but it remains cautious due to trade risks and strong fiscal stimulus.

Our long term readers know how bullish we’ve been on Meta. New fresh relative highs.

AMD: Lisa Su will have a key note speech Thursday at their “Advancing AI” event. Starting to turn and outperform.

Look at Johnson Controls. Like we said, they will be a key player in data center cooling.

Silver huge breakout, Silver Comex inventories are at all time highs

Look at Silver Inventory.

Platinum continues its breakout.

On April 28th we stated:

“This is starting to look like a blow off the top for Gold.”

On Nov 2024 we wrote:

"Applied Digital: Nvidia bought 3% of the company. Keep an eye on this one."

Opera Browser is about to breakout higher.

ASTS: Jeff Bezos will start to utilize AST satellites

Again, Bitcoin will be the best asset of 2025.