\u201cIf there’s something to tip the boat, it could be maybe not what we saw in April, but maybe something almost as scary,\u201d warns Carley Garner, founder of DeCarli Trading and frequent guest on Mad Money. She tells Daniela Cambone that the S&P 500 is facing significant resistance and that \u201cthere’s a lot of risk to try to make a couple extra points in the S&P\u201d, raising the potential for a market pullback.<\/p>\n
On the U.S. economy, Garner notes, \u201cThe numbers look great, right? \u2026 but when I look under the surface, I ask myself, how did we get to these great numbers? And I think the answer is leverage.\u201d She cautions that \u201cthere\u2019s a lot more risk in the system than people recognize.\u201d Don\u2019t miss today\u2019s conversation.
\nDon’t Fall Asleep on the Currency Market<\/p>\n
A Resurgent Dollar Could Obliterate the Commodity Bull Run\u2014and No One\u2019s Paying Attention<\/strong><\/p>\n If you’re holding gold, silver, or equities right now, you can’t afford to ignore the US dollar forecast<\/strong>. Carly Garner, veteran commodities broker and frequent guest on Mad Money<\/em>, issued a stark warning on the Daniela Cambone Show<\/em>: a rising dollar could derail gold, crush copper, and trigger major corrections in stocks.<\/p>\n While everyone is distracted by AI stocks and inflation headlines, a critical inflection point is forming in the currency market\u2014and it could upend everything.<\/p>\n History May Be Repeating… with Painful Consequences<\/strong><\/p>\n Carly sees strong parallels between Trump-era dollar surges<\/strong> and today\u2019s setup. Her analysis suggests the U.S. Dollar Index (DXY)<\/strong> could rebound from 99 to as high as 110.<\/p>\n Why this matters:<\/p>\n Most traders have priced in dollar weakness<\/strong>\u2014setting the stage for a nasty surprise<\/p>\n<\/li>\n During Trump\u2019s first term<\/strong>, a similar breakout-to-fakeout pattern led to a 15-point rally in the DXY<\/p>\n<\/li>\n If that pattern holds, commodities and equities are at major risk<\/strong><\/p>\n<\/li>\n<\/ul>\n \u201cIf I\u2019m right, the copper rally is on its last leg. Gold could see a major correction<\/strong>,\u201d Carly warned.<\/p>\n<\/blockquote>\n Copper, Gold, and Silver May Be Headed Lower<\/strong><\/p>\n What looked like a breakout may have been a capitulation rally<\/strong>, Carly explains. Fundamentals are stretched, and any dollar strength could knock copper down by $1 or more<\/strong>, regardless of the macro data.<\/p>\n Yes, gold and the dollar have moved up together recently\u2014but that\u2019s the exception, not the rule.<\/p>\n Carly points to a technical setup mirroring 2011<\/strong>, where a euphoric top was followed by a brutal correction:<\/p>\n Gold peaked around $2,350 recently<\/p>\n<\/li>\n If history rhymes, she sees $2,000 or lower<\/strong> as a realistic retracement level<\/p>\n<\/li>\n \u201cGold is a fantastic long-term hold,\u201d she says. \u201cBut short-term timing matters<\/strong>, and this isn\u2019t a buy moment.\u201d<\/p>\n<\/li>\n<\/ul>\n Silver, long touted as the \u201ccatch-up\u201d metal, may follow gold\u2019s path downward:<\/p>\n In 2011, both metals sold off together<\/p>\n<\/li>\n Carly expects silver to \u201csell off a little less<\/strong> than gold,\u201d but still warns of short-term weakness<\/p>\n<\/li>\n \u201cEveryone is long metals,\u201d she says\u2014never a comforting sign<\/p>\n<\/li>\n<\/ul>\n The S&P 500 Could Be Setting Up for a Correction<\/strong><\/p>\n Garner sees the S&P hitting a major resistance trendline with overbought RSI readings<\/strong>\u2014historically a precursor to sharp sell-offs.<\/p>\n Support lies far lower<\/strong>, possibly in the low 5,000s<\/strong><\/p>\n<\/li>\n With rising leverage and seasonal weakness ahead, Carly warns: \u201cNow\u2019s the time to pump the brakes<\/strong>\u201d<\/p>\n<\/li>\n<\/ul>\n Beneath the Boom Lies Dangerous Fragility<\/strong><\/p>\n On the surface, the U.S. economy looks strong. But Carly sees echoes of 2006\u20132007<\/strong>, just before the financial crisis:<\/p>\n Consumers are overleveraged<\/strong>\u2014credit card debt is surging<\/p>\n<\/li>\n Investors are taking reckless bets<\/strong>, even buying gold or Bitcoin on credit<\/p>\n<\/li>\n \u201cThere\u2019s a lot more risk than people recognize,\u201d she says<\/p>\n<\/li>\n<\/ul>\n When leverage fuels growth, it also amplifies the crash.<\/p>\n Tangible Assets Remain Vital for Wealth Preservation<\/strong><\/p>\n Despite her short-term bearish call, Carly still believes in physical gold and silver as long-term hedges<\/strong>\u2014especially in a world addicted to credit and facing systemic risks.<\/p>\n Gold vs Dollar<\/strong>: A falling dollar boosts gold, but even with a rising dollar, gold holds intrinsic value<\/strong><\/p>\n<\/li>\n Silver volatility<\/strong> creates opportunity\u2014for those with a long-term mindset<\/p>\n<\/li>\n In turbulent times, tangible assets like gold and silver offer protection<\/strong> no paper promise can match<\/p>\n<\/li>\n<\/ul>\n The US dollar isn\u2019t just a currency\u2014it\u2019s the linchpin of global asset prices<\/strong>. Carly Garner\u2019s technical read suggests a dollar rally is brewing. If she\u2019s right, gold, silver, and equities could be in for sharp corrections.<\/p>\n But long-term, the case for owning physical metals<\/strong> remains as strong as ever\u2014especially with governments and markets asleep at the wheel.<\/p>\n ITM Trading has over 28 years of experience helping clients safeguard their wealth through personalized strategies built on physical gold and silver. Our team of experts delivers research-backed guidance tailored to today\u2019s economic threats.<\/p>\n
\nThe Dollar Is Waking Up\u2014and It\u2019s Not What Wall Street Wants<\/h2>\n
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\nCommodities: Don\u2019t Trust the Rally<\/h2>\n
Copper<\/h3>\n
Gold<\/h3>\n
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Silver<\/h3>\n
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\nStocks: Technical Signals Flashing Red<\/h2>\n
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\nLeverage Is Driving the Economy\u2014And That\u2019s the Problem<\/h2>\n
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\nWhy Gold and Silver Still Matter\u2014But Timing Is Everything<\/h2>\n
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\nConclusion: Ignore the Dollar at Your Own Peril<\/h2>\n
\nAbout ITM Trading<\/h2>\n