Eddie Hopkins

2026 Macro Setup – Inflection Points to Watch A speculation on the next moves, based on current trend structure: • S&P 500 rolls over into Q3/Q4 → tests its 3-yr MA (~15–17% drawdown from ATH). • Gold extends bounce toward ~$5,300 → then retraces to its 200-day MA near ~$4,000 (getting pulled down by equities) • Silver pushes to ~$90–$100 → then pulls back toward prior breakout ~$55–$60. • DXY chops sideways then recovers from its 2008 rising support breakdown → rallies back toward the 3-yr MA (~102–103). • Oil grinds up toward ~$75. If these levels hit, they likely mark the next major inflection.

The inflation would be much worse elsewhere than in the US if the straight stayed closed long term. The US can produce its own energy needs. We'd have inflation in the US, but it would be relatively less than the rest of the world....And if we get hyperinflation in the world's reserve currency, then our top priority should be to focus on living in a community that is well protected and sustains its own food supply. Because real hyperinflation in the US dollar means a total collapse of infrastructure and likely social order. Again, I respect your opinion a lot Luke and I have about 30-40% of my total capital in physical precious metals, but I don't buy the hyperinflation narrative.

@EdFH1992 @FirstSquawk @Myrmikan i think it depends on events keep Hormuz closed long enough and we will likely get hyperinflation of some description, if not as bad as Weimar.

GOLD FALLS TO UNDER $4500, SET FOR ITS BIGGEST WEEKLY FALL SINCE 1983. - @FirstSquawk Gold volatility in USD is doing what gold volatility did in 1920s Weimar German Reichsmarks, which makes perfect sense once you understand our present context. Chart via @Myrmikan

@hajiyev_rashad It hit the measured move from the cup and handle already....

Silver's 45-year breakout still holds. It is going to take off to my $250 - $300 target, but perhaps towards summer 2026...

More on this chart: We are still in fact extremely early in the next Capital Rotation Channel. Previous completed channels spanned from 1892 to 1932 and 1937 to 1980 - about 40 years each. We are still in the descending broadening channel that started in 1980 and saw a pivot high in 2011. We just recently hit a major swing high, having touched the down sloping resistance line at the top of this broadening channel. It's not yet 100% clear where the lines of the next broadening channel will be drawn. However, it seems that the pivot low in April of 1999 and the rounded bottom lows 2021 through 2024 have formed the support line of the next Capital Rotation Channel. The top of this next channel may have been formed by the swing high in January of 2009, and the pivot high in July of 2011. This new Capital Rotation Channel would be an acsending one. If the timelines track again, you would expect a peak sometime in the mid 2030s to 2040. This peak would likely coincide with a hit and rejection of the top of the channel. Given this estimated time line, you would expect the peak to be between those of the 1942 high and the 1980 high. However, we still have major resistance to bust through from the line price just rejected from. They confirmed break out above this line would likely signal some sustained rapid up move in gold. $gld $spx #gold #capitalrotation @NorthstarCharts

@TheLucky7 There is an arc tool for a reason. This is a pretty dubious way to draw a cup...

This is my most bullish outlook on #SILVER at the moment.

@NorthstarCharts Yes exactly....various technicals for a drop were present

Anybody, and I mean ANYBODY, expressing surprise at golds $1000 drop should be ignored. Why? Because they failed to notice how historically stretched it was from it's 3-year moving average & they failed to anticipate this NORMAL bull market behaviour (see all previous bull markets).

@hajiyev_rashad Zoom out. Likely around $3800.

I don’t think that one could call any reasonable support level for precious metals. It is only guessing. Every reasonable support level taken out. It stops and reverts at some point at some level. There are extreme levels of support, but bringing them up is not analysis. Let’s wait and see…

@DVSignals Agreed.

$SILVER To those in the thread saying the breakdown has failed: take another look. It is holding so far. I’ll go out on a limb here - and obviously, as always, I can, will, and have been wrong - but my primary remains that the low gets set in the first hour or two of trading, when a lot of people unfortunately panic-sell, and then we likely get a rebound from there. But that would still be a bounce, not a trend change. I am still expecting 72 or lower by quarter-end, which in this case also means month-end.

No disrespect taken - but I think with long-term charts, that try show a confluence of several factors, these charts are best viewed on a bigger screen like a notebook or a PC monitor. Otherwise, they do look crowded. There's no way for me to show the full confluence of evidence that is there without including everything. A bigger screen than a phone is really the solution, and it's how I tend to look at charts myself (my own and others).

@EdFH1992 @ThHappyHawaiian Messy chart mate. Noisy. Like I said, no disrespect.

The Michael Oliver $200+ forecast has been set to the end of Q3 Slightly less aggressive than June 30th, but still far more aggressive than just about anyone who charges for a service out there. So I still say he gets massive credit if he’s right 🫡

@desertman388 @ThHappyHawaiian If you think I drew those fib extensions in an invalid way, please explain how. They are reasonably spaced out given how the fibs are drawn and percentage wise for silver's price.

@EdFH1992 @ThHappyHawaiian No disrespect but looks like you've got a fib level every 10 cents there.

@hajiyev_rashad Really? Where do you have data that aggregates how all precious metals investors are positioned? We should be try to be objective with the language we use....

Almost all precious metals investors are already positioned. There is no buy the dip right now…

@hajiyev_rashad Again... you're saying "unjustified" as if anything matters other than supply and demand itself. It's immature that you're self-righteous about price action not going your way.

The world is literally falling apart, but precious metals loose among the most. Such unjustified declines are specifically organized to cause loss and panic. Gold and silver are going to be the primary beneficiaries of the coming rally…

@DVSignals What's your bottom for the cycle? I have 25k if the equities market rolls over. Bitcoin hasn't existed when the S&P has spent reasonable time under its 3-year Ma

$BTC #CRYPTO How are those shorts printing now? You’re welcome... 1st inning..

@Jeremybtc This is a pretty smooth-brained post. Plot Bitcoin versus gold and see how it's faired over the last handful of years. Talk about the supply and demand structures that actually matter.

WW2: gold doubled Vietnam: +50% Gulf War: +20% Iraq War: +50% Russia/Ukraine: spiked to $2,000 2026 Iran war the largest Middle East conflict in decades - gold down 4%. Bitcoin up 14%. 80 years of data just broke.

@allanbreports It's funny how everyone on X who before was still super bullish on gold when it was "overbought" are now saying it needs to rally when it is "oversold." Talk about being biased and projecting your narrative onto indicators.

Gold is oversold and ready to rally. The gold stocks even more so.

We're not anywhere near hyperinflation like this in the United States. To say so is fear-mongering to an extent that's both unproductive and irresponsible...The US dollar may be weakening relative to other currencies, but it's still the world's reserve currency, and the DXY still goes up when everything else sells (like it has been lately). And inflation in the US is objectively not anywhere near historical highs (although our debt to GDP is obviously very concerning).

Keep your eye on the ball. #Weimar #Gold #Silver 🔥🔥🔥

@hajiyev_rashad "Unjustified"... as if supply and demand needs any justification other than itself. Gold hit a major Fibonacci extension and has been historically stretched from its long-term moving averages for quite some time. It's better to be objective than ideological about an asset.

Today's massive and largely unjustified sell-off in gold triggered multiple stop losses for many long contracts. If gold makes a decisive come back today or tomorrow then today's sell-off was specifically engineered to shakeout as many longs as possible. Below is the possible price action should gold price starts to recover (optimistic scenario)...

@Mr_Derivatives The 12 month and 36 month MAs tend to more significant for cyclical trends for the S&P, I think

$SPX Actually did touch the 200dma today. BIG test tomorrow and Friday to see if bulls can hold probably one of the most widely watched moving average of them all. Last time it touched it led to a bigly bounce. But the prior two times it tried to bounce but ended up slicing right through. Gonna be a battle.

GOLD VS. SPX: 136 YEARS OF BROADENING CHANNELS See annotations below. Essentially, the thesis is that this ratio has traded in three large broadening patterns since 1890. It seems as though we may be relatively near a breakout for a fourth. #capitalrotation