October 24, 2026

Top 70 Macro Charts

  • By Tavi Costa, Founder & CEO
  • 12 min read

Only 10% of miners remain above their 200-day moving averages.

Top 70 Macro Charts

Only 10% of miners remain above their 200-day moving averages.

Historically, readings this low have coincided with important bottoms for the industry.

Long-term-minded investors know what to do here.

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We’ll be jumping around a bit today, so bear with me.

First, some important updates on tomorrow’s Brazilian elections. Then we’ll work through my top 70 charts, covering plenty of interesting ideas, with most of the charts created by me.

I hope you find it useful. It has been an intense week, particularly in precious metals. But moments like this make it especially important to step back, look at the full picture, and understand where we are in the cycle. In my view, this is an absolutely critical juncture.

Hope you enjoy.

The XAU Index shows a downward trend with a current price of 327.55, indicating a bearish market for gold miners.

AI-generated content may be incorrect.
Sincerely,

Tavi Costa | Chief Executive Officer
Azuria Capital LLC
[email protected]

Important Disclosures

This research report has been prepared for informational purposes only and does not constitute an offer or solicitation to buy or sell any security or other financial instrument, or to participate in any trading strategy. The information contained herein has been obtained from sources believed to be reliable, but Azuria Capital LLC makes no representation or warranty, express or implied, as to its accuracy or completeness. Any opinions or estimates contained in this report are current as of the date of this report and are subject to change without notice. Past performance is not indicative of future results. Investors should consider this report as only a single factor in making their investment decision and should obtain independent financial, legal, and tax advice before making any investment decision.

Investment in financial instruments involves significant risk, including the possible loss of principal. The value of and income from any investment may fluctuate and may be affected by changes in interest rates, foreign exchange rates, credit conditions, and the price or volatility of underlying instruments. Certain investments may be speculative, may involve substantial risks, and are not suitable for all investors. Before acting on any information in this report, investors should evaluate whether it is suitable for their particular circumstances and consider consulting their own professional advisers.

Azuria Capital LLC, its affiliates, and/or their respective directors, officers, and employees may, from time to time, have long or short positions in, act as market‑maker for, or buy and sell the securities or derivatives (including options) of the issuers mentioned in this report.

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