Tuesday, December 31, 2013

Copper miner's ETF breaks out.

While gold and silver charts are literally looking like a back alley brawl, COPX (Copper Miner's ETF) has quietly broken out of resistance.  It's no coincidence that TNX put in 5 waves recently.  The fed very well may be on the verge of losing control of the bond market.

Copper is not going to break out on its own.  While copper is not a monetary metal, it is very "flation" sensitive (whether it be the de or in type).  I'd buy COPX on any pullback.  If it back tests the Resistance Turned Support line from above, and holds support then watch out 2014 because inflation is going to increase prices on things.

If COPX breaks the top green line in Q1 then I predict $6-7 milk by June.  I hope the liberal and GOP a-holes who thought you could endlessly spend debt and never have it cause problems look in the mirror when it all goes down the toilet.  They have only themselves to blame.  IF only they hadn't laughed at Ron Paul.

Look at that inclining double bottom folks.  That is how significant bottoms are often put in.  This is why all the crap stocks have been rallying.  We are at the end stage of this stock market boom.  It always has to get crazy at the end.  Here's a video interview for you of Gerald Celente.  He's a smart guy.  Don't let his sometimes over the top delivery put you off. 



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