Copper now flashing a warning, especially after today. Commercials (green line at bottom) selling it hard at those higher prices.
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Copper, an economic bellwether.
Break out and small re-test this week sending it's message. $3.00 is a psychological magnet.
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Copper now flashing a warning, especially after today. Commercials (green line at bottom) selling it hard at those higher prices.
drcop.JPG
FCX is the best mining company for copper and it has been going crazy. The run-up looks very familiar to 2009. Back then everyone was saying pretty much the same thing - inflation is coming down the road. Those dire predications were wrong.
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FCX now at $44 - and it doesn't help to think that I was considering this one in April/May 2020. I've had more bad luck than good with commodity type stocks so shied away from this one. Even if I did get in at around $10, I'm sure I would have sold by now though.
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