Copper Takes the Next Step

Copper price…

2.50 check

Take out the SMA 200 check

Next up is resistance at 2.62. I have to say, the good doctor has been impressive. Downtrend or not, these pigs are inflating the system to beat the band (and the bears) so if copper makes a macro bullish signal people might not want to fight it.

There is so much printed money sloshing around the world now and sometimes you just can’t fight city hall (or the printing press). We’ll see. Doc’s not out of the woods yet. But this inflation attempt has already driven many bearish people mad.