Bullish Outlook for Stocks, Gold, and Silver Through Late August

The author remains bullish on stocks, gold, and silver through late August, citing an uneasy equilibrium in oil prices around $90 as a key factor.

Oil prices have been stuck near this level due to the U.S. blockade on Iran, which has limited its ability to sell oil by sea. However, the market appears to be treating this situation as sustainable, with no significant impact on inflation or interest rates.

The author also notes that gold is poised to break through resistance around $4,423 and expects both metals to continue climbing in August.

In the U.S. stock market, the Nasdaq continues to climb, with key levels identified for several indices and ETFs, including the DRAM ETF, SMH (VanEck Semiconductor ETF), and AGV.

As for cryptocurrencies, Bitcoin has been range-bound but may be on the verge of a breakout, while Ethereum has already moved higher. XRP is also showing positive signs, with oversold zones and positive divergence on multiple charts.