The metal with the Economic Ph.D. has cracked support at 2.75 (which includes the SMA 50), turning it to resistance. It’s at a short-term support
Tag: copper
CoT Data for the 3 Metallic Amigos
Why not add copper to the CoT readings since it is an important Amigo for indicating cyclical reflation trades? Note that these are just the
What Expiring Bubbles Look Like [w/ edit]
The Nasdaq bubble popped in 2000 after motoring upward on increasing volume in two separate phases. Volume rammed upward and RSI diverged. Like shootin’ fish
3 Metallic Amigos
This morning in the futures market the Amigos are still showing a cyclical bias with copper remaining plucky in its rally as the US and
3 Metallic Amigos and a Liquid One on US-Iran
First, the Amigo that usually does not benefit from war, terror or pestilence after its initial impulsively bullish reactions. There’s always a first time, and
3 Metallic Amigos Ride Into 2020
At the dawn of what is going to be a hyper-interesting year in the markets and in society, let’s see what the lovable and goofy
3 Metallic Amigos Weigh In, Post-FOMC
Since the macro often gets its pants in a bunch over FOMC, let’s see what these 3 economic metals have to say about the Fed’s
Happy Thanksgiving From the 3 Metallic Amigos
As they ride off to their respective gatherings let’s get an update from the metallic macro Amigos. The counter cyclical Amigo has existed outside of
3 Metallic Amigos, Updated
First off, if I am a precious metals bear I am just a bit taken aback that my post about the short-term bear flags in
Man Stares at Charts, Reverses Wildly Bullish Gold Stance in Favor of Copper
A fairly well known man who stares at charts (and usually predicts macro doom) in the gold “community” has suddenly seen positives going on in
Updating the 3 Metallic Amigos and the Macro Message
This morning in pre-market the Amigos’ futures charts update the macro story… …which goes something like this… Copper, the cyclical Amigo (weekly chart) has furthered
Silver & Gold to Inform Dr. Copper and so, the Macro
They call copper the metal with the Ph.D. in Economics. But these days Doctor Copper is little more than a quack in that regard, taking
3 Metallic Amigos, Live Futures
The cyclical Amigo, the counter-cyclical Amigo and the cross dresser Amigo. A weekly chart works best to make the point that copper is still struggling
Global Shipping, Copper LME Stocks & Copper Price
An NFTRH subscriber kindly sent me this article on surging global shipping costs. Shipping’s great fuel switch is starting to drive up freight costs For