Crude Oil Hype Abounds
While the hype is aiding my position in Russia (ERUS) it is hype nonetheless. As for gold, well... that didn't last long. Of course that should be no surprise. You…
While the hype is aiding my position in Russia (ERUS) it is hype nonetheless. As for gold, well... that didn't last long. Of course that should be no surprise. You…
Here is a chart from yesterday morning's NFTRH subscriber update showing the breakdown from a short-term topping pattern and the relevant support areas at the SMA 200, 1240 and 1215.…
Doctor Copper had a bad day yesterday, along with other commodities (and precious metals). This morning finds him holding the 50 day average on the futures and nicely green. Still…
When last we left these metals we noted a popping bubble in Palladium and a prospective bottoming situation in Platinum here and here. From that second post on Pt... As…
So the Fed has stated its goal to inflate, but it does not happen in real time. There had to be a reason for the Fed to turn into a…
From the price micro-management angle platinum is still working on keeping itself above the SMA 50 & SMA 200. Click charts for full view. From the 'hmm, what have we…
But then, managing the macro markets on a daily basis can be drudgery, can't it? It's a good thing I get off on this stuff because most normal humans do…
Per a subscriber's request, here is a look at the daily (futures) chart of Platinum (click to expand). We did not cram Pt or Pd into an already dense NFTRH…
Continuing with our micro management the Ph.D. cyclical metal, Copper, is poking out of a flag today. The implication would be for an upside test of the key 3 bucks…
So the good doctor is running low at LME & COMEX. But the daily chart of Copper Futures continues to fade a bit below very key resistance known as the…
The intermediate uptrend is intact but the $3/lb. area remains a holdout. So, no big "party on Garth!" macro signal at this time. It's just a boring and over worked…
[edit] A subscriber kindly sent in a link to this very informative article. Check it out if U have interest. ;-) Why Renewables Can't Save the Planet If Steve Saville…
Since Mark originally called me to attention on copper it seems to have become a minor obsession, this decision point by Doctor Copper at the long-term resistance zone around $3/lb.…
Doctor Copper checks in, takes your pulse, utters a few reassuring words and then promptly leaves the room with little more to say. No prescription yet as he waffles around…