Loading ...Mr. Copper – first, congrats on your Dec. 3rd call while everyone else was calling for sub $1K prices, and hope you’re right about the Feb. 11th top. That was the day that Jim Rogers said he thought it was a blow off top.
Ipso – I would think you’re right that pm shares will stay firm if metals do well. Why not?
I’m hoping both of you guys have hit the nail on the head. IMHO, the reason the USD tanked after “Bazooka Draghi” did his thing was that the smart players are betting that since he was so aggressive the Fed can do nothing. If they do raise they screw the SM and the last 1000 pt. decline will look like a picnic. Maybe that’s what they want. I don’t know.
Big volume in the shares at the end of the day always bothers me and if we head south tomorrow the T/A types will be screaming “double top”.
We are in the top of the first inning in this bull pm move IMHO. I guess we’ll see.