Dave Barnhart tracks massive institutional trades in precious metals using the Mobitick platform. A 6 million-share silver trade at $30.50, a 4 million-share Barrick Gold trade at $18.25, and a 3.5 million-share Gold Miners ETF trade at $36.90 suggest potential breakouts if key price levels hold.
Chapters
Wow, gold and silver. Wow, today we got on SLV, the iShares Silver Trust, 6 million shares just now at 12:40 Eastern. We can see that trade down here. So what we're doing here with Mobitick is instantly when we pull up a chart, we can see all the institutional trades, uh, the biggest trades in the last year. And right out of the gate, this one's up here. December 9th, 2919. We're pretty much there at the moment. This one just came in. You can see it here. There's a little line where it started. But looking back here, we see some of these other massive, massive trades. 2650, 1.8 million. 2734, 1.9. 2821, 1.4 million. We're above all of these. So let's, let's zoom out a little bit and we can see where the institutions have been buying and selling. So way back here in May of 2024, Bringing it down. And then we have this consolidation of 4.7 million shares from, from way back here. And that seems to be support. Then there was another 1.8 million here and brought it up. We've been hovering around this 1.4 million print, came up, got this other one at 1.7 here in October. And then we've pulled back to this consolidation area and now we've got another 6 million. So the big question is, are we moving up or are we moving down? It looks bullish at the moment because we broke up out of this range here for a while. So I would think that we might be bullish all the way up to $30.50. If we can break above this $30.50, then I think it's game on for a while, right? Because we would make a new high and then it's a game on for silver. But we've seen other trades too. Let's have a look here at gold, Barrick Gold. We've got 1825 down here. November 8th was a big one. There was 4 million at 1825, and that's, that's back over here. But we see the similar sort of thing. There's this consolidation area. It was bearish for a bit. We came up, tested more prints, came back. Now we've hammered here and we're moving up, right? So right now the current price is 1730, and let's see if we can close above 1750. If that's the case, We're good till 18, and if we break up here, then it's game on again. Now, if we start breaking down below here, then clearly they're selling. So let's give this a little bit of time. Big prints have massive splashes. So, and let's look at another one. GDX is in a similar sort of situation here, and we are above 36.90, which is a 3.5 million share trade from November 25th. So we're up there now. This is resistance here. So let's see, we're gonna have to close maybe above 39. We've got a 2 million share print at 40.34. So we just gotta be careful if we close above that, then I think we're game on as well. And the last one I wanted to show you was GDXJ, which is the Junior Gold Miners ETF. And here, November 25th, also there was 2.1 million that's there. And there's all of this accumulation here. So whichever direction the gold is gonna take, these other ones will take as well. So if you're trading options, maybe GDX or GDXJ, something like that, uh, SLV options are good. That one moves a little bit slower, but that would be fairly consistent. So I wanted to bring this to your attention that, uh, gold is gonna have a big move up or down. So remember, big institutions, they have their positions. And so we need to be above their trades for them to go long. We need to be below their trades for them to go short. So let us know what you think in the comments. Don't forget to like and subscribe. If you want to figure out how you can find these trade setups in as few clicks as possible, come check us out. All right, have a great rest of your day.
