Tag: COPX

  • Surfing Copper Error

    Rules in the uncertain world are so important. When you want to guess and take profits, sometimes its best to continue to use the rules established. I sold the final position at $80 using the 10DMA. As seen here, the strength continues.  The 10 day is still the guide until its not. You can’t predict the future but you can follow through rules to create order out of chaos. We are not Nostradamus.

    This is now real time psychological warfare.  The mind in the markets. We see a break in Monero. Let’s see how it holds the 10DMA or not. It did close below the 10DMA for the 1st time. Now let’s see if it close below that low and holds the 20DMA. Its still early on this move. Let’s where the next base builds or not.

  • GDX Hold

    Notice how the GDX holds the 20DMA. It drops below it but still closes above it. It’s definitely a close below the 10DMA within 7 weeks. But, the 20DMA is the guide.

    COPX is still holding up above the 10DMA the past 7 weeks. Some of these minders do have Silver in them. Definitely holding up.

    Venezuela got taken over this past weekend. We’ll see how these oils move, infrastructure and stuff stocks.

    Some stuff infrastructure. Notice the tightness then move this past Friday on volume w/ GEV.

    Lets see how this Maduro news pans out with FSLR on Monday.