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End Month Macro Aug 2026 - Gold & Silver Just Gave a Major Sell Signal… Is a Big Crash Coming? with Tom Bradshaw
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5 small bits of housekeeping
This video was recorded on Monday 31st August 2026 PM UK time
The chart deck was also inserted on Monday 31st August 2026 PM UK time
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NB - None of this is to be constituted as investment or trading advice. We are NOT financial advisors.
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10 Key Takeaways
Bitcoin surged around 25% in August, but Tom remains bearish and sees the move as potentially being a bull trap.
$80,000 is a major resistance level for Bitcoin, while a failure there could eventually open the door to much lower prices.
US government bond yields remain elevated, creating a difficult situation for the Federal Reserve and the highly indebted US economy.
Oil remains a major inflation risk, particularly if geopolitical tensions in the Middle East escalate further.
The diesel crack spread has surged to historically elevated levels, potentially increasing costs throughout the real economy.
Agricultural commodities are beginning to trend higher, raising the prospect of further food inflation.
The S&P 500 and Nasdaq remain in strong technical uptrends, despite concerns that US equities are in an extreme valuation bubble.
The Dow has formed a potentially bearish monthly candle, making September and October an important period to watch for equity markets.
Tom Bradshaw’s model has turned bearish on gold and silver, leading him to sell his ETF holdings after substantial gains.
The long-term outlook for precious metals remains bullish, but Tom believes a major liquidity-driven correction could potentially take gold towards $2,800 and silver towards $30 before the next major bull market resumes.
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