Expect 8-9 more weeks of corrective action in gold and silver prices: Fairlead's Katie Stockton

Market Sentiment and Trends - Current market sentiment is negative due to volatility both externally and internally within equities, leading to a cautious approach among investors [3][4] - The S&P 500 has a key support level at 6730, with significant risk if it falls below this point, as the next major support is around 6130 [3][4] Bitcoin and Cryptocurrency Analysis - Bitcoin has recently breached its support levels, indicating potential new support around the 60,000 range, with a significant breakdown confirmed if it closes below 89,000 [8][9][10] - The loss of long-term momentum in Bitcoin suggests a possible reversal of the cyclical uptrend, with next support levels identified at 70,000 and 58,000 [11][12] AI and Tech Stocks - The AI sector, which has shown long-term uptrends, may experience further consolidation, reflecting a more volatile environment for tech stocks compared to previous quarters [5][7] - There is a notable dispersion among mega-cap stocks, indicating that they are being treated as individual entities rather than a cohesive group [7] Gold and Silver Market - Gold and silver have experienced parabolic uptrends, which typically lead to dramatic pullbacks; a corrective phase of eight to nine weeks is anticipated [6]