Rick Bensignor

Weekend Show - Is the Market Topping? Gold’s Next Move? Is Oil About To Pop Higher?

• Top takeaway Rick Bensignor argues a near-term market top is already in: the QQQ has gone 15 weeks without a new all-time high and the S&P 5 weeks, and he lists three late-August catalysts, Nvidia earnings, Marvell earnings down more than 10% post-print, and Kevin Warsh's Jackson Hole remarks, that all failed to push markets higher.
• He points to institutional selling, noting roughly two-thirds of sessions since the August 4 upside breakout have closed below the open, and warns that two Friday closes under 746.5 on the SPY would target the summer low near 716 and potentially the upper 690s.
• On yields, he maintains his call for the US 10-year never to revisit 4% this cycle, with a primary target of 5.6%, a 38.2% Fibonacci retracement of the 1981-2020 bond bull, and a stretch case of 6.07%, recommending short-term T-bills at roughly 5% rather than locking in long duration.
• On oil, Bensignor says he is not selling energy exposure and sees WTI upside targets near 107 followed by 123, citing the ongoing Iran conflict and XLE's status as a historically underperforming sector with room to run.
• On metals and copper, he flags GLD support near 394 with downside risk to 356 if it fails, sees SLV supported at about 56.5 with a summer-low risk at 49, and argues copper is a sell on rallies after failing at the 680-695 multi-top band and breaking its March uptrend.

Two-thirds of days closing below their open point to institutional selling; weekly S&P 500 closes under 746.5 would target the low 700s. The Iran conflict and tightening inventories keep oil elevated, and the guest expects energy equities to keep outperforming with WTI upside toward 107. OECD days of inventory (days of demand global stocks cover) sit at 82, near 2008 lows, so oil price forecasts may still move higher. Into winter, favor low-debt, hedged, liquids-rich natural gas producers, while energy royalty companies pay 6%-plus monthly dividends without operating risk. Avoid long bonds as yields target 5.6%; short-term Treasury bills via TreasuryDirect offer safety, and gold support sits near GLD 394 then 356.

Weekend Show- Precious Metals & Market Trends: Gold Bottom? Copper Strength? Oil & Market Volatility

• Top takeaway Rick argues Comex gold has a tradable floor at weekly support of $4,036 (one weekly close below, then two up weeks), but a lasting bottom needs Friday closes above $4,208 — failing that he sees a possible flush toward $3,400, where he would do major buying.
• He boxes the S&P between 755 resistance (a triple top below the 761 all-time high) and 727 support, calling the six weeks of trading in between pure noise that whips people out of positions.
• On the AI trade he says investors are done tolerating multi-billion-dollar hyperscaler capex for zero return — Microsoft holding capex flat rose about 15% while Meta, still raising spend, fell 10% — and he notes fringe talk of a tulip-mania-style blowup.
• On oil he sees a hard lid at $120-$135 no matter the geopolitics, says the prestigious banks calling for $150-$200 oil are consistently wrong, suspects manipulation given extreme crack spreads, and went long USO near the early-July bottom.
• He is launching a TOPS report around September 1 identifying the hot sectors with 10-20 stock picks each, modeled on his old 711 report that beat the S&P by more than 13 percentage points over four years.

Gold and silver look like they are basing after a five-month slide, but a rising US dollar and higher interest rates still pressure the sector. GDX, GDXJ and SIL broke down even as metals went flat; both hosts say stocks and metals take turns leading, so read the signal cautiously. Copper holds near record highs but copper stocks (COPX) are catching up after outperforming; possible US copper tariffs add a wildcard risk. Rick Bensignor calls the gold bottom questionable: $4,036 support is holding, but weekly closes must prove themselves above $4,208 to confirm it. Bensignor says strong S&P 500 breadth reflects sector rotation out of tech into financials and healthcare; keep active trading to 10-15% of investable funds.

Rick Bensignor & Josef Schachter - Is Tech Exhausted? Gold Bottoms? And Top Canadian Oil Picks

Rick Bensignor argues that gold and silver are testing critical technical support levels, suggesting a potential bottom if prices stabilize at current marks. Josef Schachter sees oil prices nearing a bottom and forecasts a Q4 rebound, using the bullish percentage index to time energy stock entries. Both guests maintain a long-term bullish commodities supercycle thesis, viewing current sector pullbacks as buying opportunities rather than trend breaks.

Rick Bensingor & Dan Steffens - Is Gold Ready to Explode? Plus, Top Oil Stock Picks

Rick Bensignor maintains a structurally bullish long-term outlook on gold due to currency devaluation but warns of a near-term correction driven by a potential US dollar short-squeeze. Dan Steffens highlights a structural supply-demand squeeze in the oil market, noting staggering SPR drawdowns and recommending unhedged North American producers. Technical charts indicate global interest rates have bottomed, physical oil risks skew heavily to the upside, and the US equity market is flashing exhaustion signals.

Rick Bensignor & Dana Lyons - Technicals Trump News in Uncertain Times: Markets, Oil, Gold, Bitcoin

Rick Bensignor advises shifting from overextended growth to tactical cash reserves and defensive positioning amid current market volatility. Dana Lyons identifies bullish setups in semiconductors and Latin American markets while maintaining cautious, reduced exposure to metals and energy. Both experts emphasize relying on technical analysis rather than news headlines to navigate uncertain geopolitical and macroeconomic conditions.

Rick Bensignor - Across-The-Board Risk On, Navigating the Massive Breakout in Gold and Silver

• Top takeaway He frames the current setup (as of January 22, 2026) as one of the most across-the-board risk-on environments he has seen, based on tracking 32 markets in his institutional report — a signal he reads as a solid economy with persistent inflation, and he doubts the Fed ever reaches its 2% target.
• He is actively taking profits on metals for the first time in years: on the day of the interview he trimmed roughly 20% of his long-held GDX position (average cost around $34) and still holds 50% of silver he has owned since 2011 (SLV bought in the 20s, now trading in the 80s); he is not buying gold because the bullion chart is pressing against a DeMark monthly 13-cell risk level.
• He attributes silver's roughly two-month doubling on the highest volume in at least a decade in part to a short squeeze on major banks holding large paper/futures short positions, citing talk of billions of dollars in losses and a potential European bank at risk; he sees $100 silver as plausible.
• He sees the equity market broadening away from Mag-7-heavy sectors (XLK, XLY, XLC have materially stalled while the Mag-7's share of the S&P has dropped from a peak near 40–45% to under 35%) toward cyclicals like materials (XLB), energy (XLE), industrials (XLI), and even staples (XLP); he flags utilities (XLU) as the worst of the 11 sectors despite media hype, and points to a $747 S&P 500 upside target from around $690.
• He flags a breakout in the U.S. 10-year yield from a months-long 4–4.2% range with an inverse head-and-shoulders measuring 4.4% (already hit 4.32 in the week of the interview), arguing that even if Trump installs a dovish Fed chair to cut short rates, the long end will not follow — a setup he says is bullish for banks earning on the curve.

Across 10 risk assets, broad risk-on positioning signals a strong economy and persistent inflation, Rick says. S&P 500 sits near $690 with a $747 upside target; Ichimoku cloud support has held through three recent sell-offs. Mag-7 trade (XLK, XLY, XLC) is exhausted; capital rotates into cyclicals (XLB, XLE, XLI) and staples (XLP). Rick trimmed GDX and SLV today; he warns parabolic metals moves reverse as fast as they rise, so he manages risk by trimming. Major banks reportedly sit on billions in short silver positions, raising squeeze risk; central bank gold demand and physical shortages add fuel.