In this Natural Resource Stocks guest interview, host Andy Millette sits down with market technician Patrick Karim of Northstar Badcharts to break down silver’s explosive move, why the charts say it is already stretched, and what that really means for risk and reward. Patrick is known for his evidence first approach that strips out narrative noise, which makes this a must watch for any #Millettian who wants data instead of hopium.
Patrick walks through how silver quietly built its base on longer term charts before this surge and why the best entries were back when price was coiling instead of now when everyone’s bank accounts feel bigger and euphoria has kicked in. He shows viewers how to read vertical moves, volume surges, and analogs to prior cycles to recognize when a trend is healthy for existing positions but dangerous for new capital that is late to the move.
From there, the conversation shifts into silver miners, leveraged products like AGQ, and his constant focus on low risk entries instead of chasing candles. Patrick explains why waiting for proper resets can mean buying at a higher nominal price but with far better probabilities, and how that mindset protects traders from blowing up accounts at peak excitement. He and Andy also dig into discipline, opportunity cost, and why traders often confuse action with edge.
Andy then has Patrick map out gold’s own stretch on higher time frames and where he sees the next big rotations lining up in copper, oil, and natural gas. Using his weight of evidence style, Patrick lays out how to keep your eyes on what is breaking out next while gold and silver eventually cool down, and how to use ratios and long cycle charts to avoid being trapped in yesterday’s trade. The entire episode keeps circling back to one core theme for every serious #Millettian viewer risk management and knowing whether you are a trader, a stacker, or something in between.
Guest links
Guest – Patrick Karim Northstar Badcharts
Website: https://northstarbadcharts.com
Archive and blog: https://badcharts.com
YouTube: https://www.youtube.com/@NorthstarBadcharts
X: https://x.com/badcharts1
TradingView: https://www.tradingview.com/u/Badcharts/
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Host and channel links
Host – Andy Millette Natural Resource Stocks
Website: https://www.NaturalResourceStocks.net
YouTube Main: https://www.youtube.com/@naturalresourcestocks
YouTube Clips: https://www.youtube.com/@NaturalResoureStocksClips
X: https://x.com/theandymillette
LinkedIn: https://www.linkedin.com/in/andymillette/
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