Loading ...I think Mr. Metals Market is just gaining confidence that the prior uptrends are still intact, and they really don’t have to worry about the Fed raising rates. Basically after 2004 many of the futures commodity charts broke out of choppy lateral pricing since the 1970s.
That ended in 2004, probably because on 9/11, which threw the bankers off stride. I doubt we will ever see $1700 again like in March in our lifetimes. Gold is the end game, and the insurance for an ongoing slow motion financial collapse.
This chart formation is very common among many commodities:
Copper: https://www.mrci.com/pdf/hg.pdf
Here’s the home page to brows others:
https://www.mrci.com/pdf/index.php
Gold: https://www.mrci.com/pdf/gc.pdf
@Are you guys doing anything?? Anybody adding funds? Or are some of you selling into the rally??
I’m thinking silver spot took a big hit below $25 and should rebound a good percentage, so maybe add more HL or buy some EXK to cover Silver.