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Patrick Karim: Lines in the Sand for Gold and Silver

Tom welcomes Patrick Karim back to the show to discuss his latest charts. Patrick is a proprietary capital manager and chart trader.

Patrick examines the ratio of the junior miners to silver, and currently, we are in a triangle pattern that could break in either direction. Hopefully, we get another bounce off of support and takeout overhead resistance. He sets some specific targets on the six-month silver junior chart necessary to hold this phase of the bull cycle.

Franco-Nevada often leads gold out of bottoms, and he shows some of the interesting technicals on this chart. It oscillates off a one-year moving average, and the chart shows when a rally usually occurs. Presently, the chart seems bullish for the entire sector.

Gold should begin appreciating, particularly when contrasted with the total amount of public debt. He shows an interesting chart of lumber versus gold which appears to be signaling a bottom for gold.

We see a bullish cross on momentum for the gold/silver ratio. This cross is indicating a coming bullish period for silver.

The DJIA Index shows potential for another melt-up in the markets and is quite similar to the 2001 dot com bubble.

Time Stamp References:
0:00 – Introduction
1:03 – Junior Miner Ratio
6:50 – Silver Juniors
8:50 – Franco Nevada Monthly
11:20 – Miners Vs. Franco
13:26 – Miner Cloud Charts
15:52 – Dow/Silver PF Chart
20:35 – Gold/Public Debt
26:34 – Silver/Public Debt
28:57 – Lumber Vs. Gold
30:46 – Gold/Silver Ratio
36:33 – DJIA Index – Monthly
39:14 – Russell 2000 & Silver
41:29 – Gold’s Historic Gains
44:35 – Silver Arbitrage
46:44 – Silver PF Chart
51:54 – Wrap Up

Talking Points From This Episode

  • Junior miner’s performance and expectations.
  • Franco Nevada as a leading market indicator.
  • Gold/Silver compared with Public Debt.
  • DJIA potential melt-up and comparisons to past bubbles.

Guest Links:
YouTube channel:

Patrick Karim is a proprietary capital manager and chart trader since 2006. Patrick’s background in commerce, psychology, and an ongoing career in systems engineering has allowed him to evaluate trading scenarios systematically.

His psychology background helps him understand the human factor: overcoming stress, which is mostly responsible for maintaining a successful career.

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