The Doctor called and he has good news for reflation-minded casino patrons. The important $3/lb. level has been taken out (daily chart) by this asset
Tag: copper
Doctor Copper: Scrip Still Being Written
Note: I’ll be out much of the day (I think). Meanwhile, here’s a look at one of the key asset markets for the reflating macro.
NFTRH+; The Doctor is in the House
This morning the copper price has ticked a new recovery high after successfully testing the 50 day moving average. It has tentatively poked through the
Copper/Gold Ratio Bounces But Does Not Negate Breakdown
Here’s the chart of a still concerning indicator for the global reflation trades. The major trend is and has been down in the Copper/Gold ratio.
NFTRH; Animal Spirits and a Strategy
The TSX-V index made a new recovery high yesterday, yet the Copper/Gold ratio is breaking down. Here’s the view as of this morning’s pre-market. While
Copper/Gold Ratio… Reflationists Avert Your Eyes
The reflation is failing says this “metallic credit spread” as the copper price appears to be breaking down vs. the gold price. All of this
NFTRH; Gold/Silver Ratio, Copper & USD
And here comes the volatility as gold firms and has likely made a bottom vs. silver. In NFTRH 613 we showed the Silver/Gold ratio at
NFTRH+; Targets Solidly Registered… Thoughts on What Now
Not only have gold and silver touched the target zones, they’ve smashed into and exceeded them. Gold hit 1974 (target: 1940) and silver hit 26.27
The Good Doctor’s Scrip is Not Yet Filled
Doctor Copper’s daily chart situation got pretty hysterical, all the way up to the round number resistance at $3/lb. As you can see on the
NFTRH+; Reflation Status in Metals Ratios
An update to provide a view of the cyclical, pro-reflation metal (copper) vs. the counter-cyclical risk ‘off’ metal (gold), and also the Silver/Gold ratio, which
NFTRH; Gold, Silver & Copper Futures, Ratios & Status
Note: A reminder that I will be on the road today and tomorrow. So communication will be light at best. I’ll be checking email occasionally.
NFTRH+; Pre-Market Signaling
It appears that the downward market reversal on Monday was another sentiment resetting micro twitch after all. As noted, these happened fairly regularly in 2019.
NFTRH+; Metal Futures & Ratios for Short & Long-Term Perspectives
Interesting charts this morning, pre-US open. Let’s start with the metal that has been the star lately. That would be the good Doctor Copper. Daily
This is it… Gateway or Termination
Gateway or termination. Copper… Copper/Gold… JX/TSX… An end of summer 2020 price increase is coming. Subscribe to the value-priced NFTRH now to lock in the