Down 8% as part of a broad risk-off sell-off affecting commodities, indicating widespread market weakness.

Experiencing sharp price increases, largely because it is priced in US dollars, which are falling in value.

The price has pulled back to the critical $2,400 level. Holding above this support is seen as a healthy pullback that could lead to another move higher towards $2,500.

While part of the bullish long-term trend in metals, its chart is going 'vertical,' which suggests investors should be prepared for sharp pullbacks.

The speaker is personally buying it to gain exposure to the commodities super cycle, indicating a bullish stance.

Seen as a potential catch-up trade, consolidating and 'prepping for that next move up,' with a favorable 2.76 to 1 risk-to-reward ratio trade setup.

Extremely bullish sentiment as it has broken out of a multi-decade price range and successfully re-tested the breakout level, suggesting a new major uptrend could be starting.