Monthly Wrap - April 2025 - Gold to cool off despite being up + Oil down 17.69%

Welcome to the Monthly Wrap for April 2025. I am delighted to announce that Chris Stadele of

LiveSquawk Commodity Corner

will be teaming up exclusively for the Monthly Wrap. Chris and the Live Squawk team have a plethora of experience in the commodities sector and thus their input will add a lot of value moving forwards.

4 small bits of housekeeping

1. We will always try to get the monthly wrap out on the final trading day of the month, pending scheduling! Apologies in advance if future Monthly Wraps are a day or two before or after the end of the month. NB - This video was recorded before market open on Wednesday 30th April 2025 and the numbers mentioned are correct at the time of recording.

2. We will also test different formats in the months ahead. The April Monthly wrap looked at Chris’s chart deck. May will look at Rob’s chart deck.

3. Please do provide feedback. We want to add as much value as possible, so if there is something that you do or do not like, then please do let us know as this will help us to improve this every time we do it.

4. If you are yet to subscribe to

   LiveSquawk Commodity Corner
   then please do so. If you are a LiveSquawk reader and have yet to subscribe to
   The Contrarian Capitalist
   then please do so.

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In the video we look at the charts for the following markets:

• NASDAQ (A gap looks like it might be filled)

• S&P 500 (A gap looks like it might be filled)

• CRUDE OIL (Broken a bear flag pattern)

• GOLD (watch out below despite being up over 5% this month)

• SILVER (Not trading the same as gold)

• COPPER (Broken a bear flag pattern)

• PLATINUM (Tested $1,000 then cooled off)

• PALLADIUM (Tight consolidation)

• ALUMINIUM (Watch out for likely move downwards moving forwards)

Key points from April

• More volatility across the markets due to issues bubbling underneath the surface combined with ‘Liberation Day’ on 2nd April/Tariffs/Trade Wars etc

• Gold reaches $3,500 in spot and futures before starting to cool off

• Brent Crude + Nat Gas both down over 17%

• Major Indices mixed in April (with some alarming looking candles)

• Consolidation patterns and flags forming in multiple charts

• Canada elects Mark Carney as new Prime Minister

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Let’s move onto the charts themselves, including the major indices and more….