With the caveat that it’s the noisiest, most policy-diddled market I can remember, all we can do is go by what is, and what is… is bullish market trends and a reflationary environment that persists in the form of rising long-term yields, rising inflation expectations and a steepening yield curve.
What else? Well, the good Doctor Copper has recovered the $3/lb. level and the daily SMA 50.
As such, Doc is back on pace to test the bull market gateway at 3.32 per this monthly chart.
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