Closing Bell

More commodities start to run as gold and silver explode higher. Small caps are also flying. But are they just playing catch-up to the Magnificent 7?

Is it a sign of better growth ahead or just fears that the new US Fed Chairman will lower rates too far?

Charlie and Murray assess the state of play as we head into 2026.

If you have enjoyed Murray’s Closing Bell videos but need help to understand the theory behind his analysis, then this three part video series is for you. This third instalment looks at how to define trends. Combining this knowledge with the theory of distributions and buy and sell pivots creates a model of market behaviour that keeps you out of trouble and points you towards winning trades.

If you have enjoyed Murray’s Closing Bell videos but need help to understand the theory behind his analysis, then this video series is for you. This second instalment looks at how prices change direction using buy and sell pivots. The secret to their use is combining them with Murray’s theory of how ranges and trends develop. That’s what you will learn today.

If you have enjoyed Murray’s Closing Bell videos but need help to understand the theory behind his analysis, then this video series is for you. This first instalment looks at how and why ranges develop, and how traders can take advantage of them to enter trades with great chances of success.

This is the final live Closing Bell for 2025, and it tees up what Murray thinks could matter most in 2026. The big theme is the growing gap between Australian and US interest rates. Falling US rates and a softer US dollar could shape the biggest opportunities next year. A weaker US dollar is helping commodities push higher, and the move is already showing up across gold, silver, copper, rare earths, lithium, and uranium, with more upside possible.

Hopes for a Santa rally are building as the S&P 500 and Nasdaq just confirmed a weekly buy pivot, with odds of a US rate cut now close to 100%. In today’s Closing Bell, we look at how powerful these weekly trends can be.