Commodities Report: US-IRAN Tensions Escalation

Flow analysis, GLD, GDX, SLV, SILJ, COPX, URA, USO and SPX, NDX

Hello Traders,

There’s a real worry that the U.S. might attack Iran soon. Even though peace talks seem to be moving forward, Iran is ramping up military drills and buying new missile defense systems from China. On top of that, President Trump is firm on his stance: he won’t allow Iran to develop nuclear weapons or long-range missiles that could threaten Europe.

These tensions have brought investors back to precious metals. People are looking for safety, and mining stocks especially are seeing the biggest surge of new money.

Let’s dive into our analysis and see what our scanner is showing us and technical charts of the setups that make technical sense:

GLD 0.00%↑ GOLD ETF

While the Gold ETF remains pinned at the $475 level, the underlying data shows a major move is brewing. Traders are heavily loading up on options targeting $510, marking a notable shift in market sentiment. For now, the next key level to break through is $485.

GDX 0.00%↑ GOLD MINERS