Day: July 2, 2020

coppertube
Commodities, Economy

Happy Jobs! Doctor Copper Unproven

Today another jobs report that was already in the bag on the inevitable economic bounce-back from deplorably bad readings has stimulated casino patrons finding it all too easy to be bullish now (as opposed to March-April when buying was actually warranted). You can click the headline to get the detailed report from BLS: Meanwhile, the copper price is at the next resistance level of 2.75. … Continue reading Happy Jobs! Doctor Copper Unproven

Gary
Gold Stocks

Following the Gold Stock Leaders as the Fed Prints

Gold stocks have led the market for a year, and with economic deceleration and Fed policy response that leadership looks to continue [edit: today’s ‘in the bag’ bounce-back Jobs report does little to alter the economic deceleration theme] We have been on a bullish gold mining view for over a year now. Over that time there have been three interruptions, the downward-biased consolidation from August … Continue reading Following the Gold Stock Leaders as the Fed Prints

Gary