Gold and silver broke through their resistance levels yesterday as gold closed above $1830 and silver above $24.00. Mining stocks soared on this move. We’ve been watching energy stocks go up for months and now the metals and mining stocks are likely to follow. It’s all part of the commodity inflation trend. Take a look at the DBA ETF, and how it closed yesterday.

DBA is an agriculture soft commodities fund, which I’ve been owning in my IRA for a while now. Notice how steady its rise has been in the past twelve months. It went up again yesterday. Despite the predictions of people like Cathie Wood, there is no sign of inflation stopping when this ETF has a chart like this. I don’t understand why people on Youtube keep listening to people who say that inflation is over. Don’t they see what is happening in the real world?

The Nasdaq and high-flying tech stocks dumped again, but gold went up. If you want to beat the market you need to be in the things beating the market.

Take a look at the chart of gold, which went up to $30 yesterday.

Gold cleared short-term resistance. It’s next resistance level is really in the $1880 area, where its upper 200-day Bollinger Band is. You can’t see this on the Robinhood app, nor can you put the move in greater context with a longer-term chart with the app either, such as this one.

Remember the saying, “the longer the base the bigger the rally.” Gold has been consolidating for over a year.

Personally, I think now is the time to buy instead of waiting for another breakout above $1880. The reason is mining stocks launched with big gains too, as you can see from the GDX ETF, which I have a position in with my IRA too.

GDX went up over 7% yesterday, and many mining stocks went up more than that. Typically in a gold rally you see the big caps surge first and then small caps follow.