Patrick Karim: Gold is Bottoming & Setting Up Its Next Big Move

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Patrick Karim argues gold and silver are trying to form a base, but neither has yet confirmed the larger breakout traders are waiting for. His core message is to ignore the headlines and let price action lead: gold is bouncing, silver is improving, but both still need to clear key resistance and moving-average levels before the trend can be called decisively higher. He contrasts that with copper, which he says remains in a cleaner long-term uptrend, and frames the setup across commodities as one where patience matters more than prediction. The discussion also touches on equities, oil and bond yields as cross-market signals he watches for confirmation, with the near-term focus on whether gold can hold support and build enough momentum to break out rather than fail back into the range.