Patrick Karim of NorthStar BadCharts delivers a sharp breakdown of the macroeconomic terrain, drawing attention to rising unemployment and jobless claims as early signals of a potential recession. However, he cautions that markets typically anticipate these trends, creating unique opportunities—especially in gold and silver miners, which often rally before recessions fully materialize.

In this analysis, Patrick zeroes in on key commodities: gold, silver, copper, and uranium. He identifies copper as a prime candidate for growth, citing favorable chart setups and historical trends. Uranium, led by standout performer CCJ, also shows strength. Conversely, lithium and rare earths are flagged as sectors to watch, not yet showing technical confirmation for an entry. Karim also responds to viewer-submitted stocks, including GDX, FCX, VZLA, and EXN, tying each back to broader macro indicators like yield curve inversions and inflation expectations.

Patrick underscores the importance of timing, risk management, and avoiding emotional decision-making. By focusing on technical strength and avoiding overstretched entries, investors can position themselves more strategically for gains in volatile environments.

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Connect with Patrick Karim!

Website: https://northstarbadcharts.com

Twitter (X): https://x.com/badcharts1

🔥 Key Topics Discussed

✅ Rising unemployment and jobless claims as recession indicators

✅ How gold and silver miners historically lead ahead of recessions

✅ Copper's technical breakout and bullish setup compared to gold

✅ Uranium's strength and why CCJ is the leading stock to watch

✅ Why lithium and rare earths are not yet showing buy signals

✅ The critical role of moving averages in identifying low-risk entries

✅ Emotional capital, risk management, and avoiding FOMO trades

✅ Long-term chart analysis using classical technical patterns

✅ Correlation between macro data and commodities performance

✅ Using chart-based frameworks over speculative fundamentals

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Chapters:

00:00 Introduction and Macroeconomic Outlook 16:25 Gold Market Insights 20:46 Copper Stocks and Diversification 24:19 Silver Market Analysis 32:39 Lithium Investment Discussion 35:33 Uranium Market Overview 36:01 Comparative Analysis of Mining Stocks 39:40 Exelon and Venture Stocks 45:50 Nifty 50 Chart Review 51:08 China ETF Insights 54:26 Rare Earths Market Discussion 56:26 Currency Analysis: Euro and CAD 57:49 USD to CAD Overview 59:31 DXY Insights 01:04:19 Outro and Closing Remarks

DISCLAIMER: I am not a financial advisor. This is not financial advice. I only express my opinion based on my experience, and your experience may be different. These videos are for educational and motivational purposes only. Investing of any kind involves risk. Do your own due diligence. Every investment and bet comes with the risk that your capital could go to zero.

WHAT I DO: I spread out my investments. It's not all on one thing. For every bet that I make, I devote one hour of study per month to that investment. I keep the number of bets to what I can feasibly study.

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