• 17 hours The Gold Rally Has Finally Run Out Of Steam
  • 19 hours Citibank Analyst Predicts $300k Bitcoin By End Of 2021
  • 4 days Bitcoin Lives Up To Its Safe Haven Status In A Big Way
  • 4 days 14 Million People Will Lose Unemployment Benefits On December 31st
  • 6 days Why 12 Million American Millionaires Isn’t Good News
  • 7 days Big Oil Is Paying The Price For Investing In Renewables
  • 8 days The Banking Industry’s $35 Billion Gravy Train Could Disappear
  • 9 days Did Amazon Just Democratize Prescription Drugs?
  • 10 days The Private Space Race Just Got Very Real
  • 12 days Short Sellers Are Willing Big In This Turbulent Market
  • 13 days SpaceX Gets Go-Ahead To Send Humans Into Space
  • 14 days Saudi Arabia Lost $27 Billion In Oil Crash
  • 15 days China’s Big Tech Takes A Hit As Regulators Crack Down
  • 16 days Black Friday Could Be Retailers’ Only Hope
  • 17 days Why You Should Not Dump Your Stay At Home Stocks Just Yet
  • 18 days The Real Reason Why Uber And Lyft Stocks Have Soared Nearly 50%
  • 20 days Bitcoin Heads Towards $16,000 And No One’s Cashing In
  • 21 days Elon Musk’s $250 Tesla Tequila Is Already Sold Out
  • 22 days Will The San Francisco Wealth Tax Spark An Exodus Of The Rich?
  • 23 days The Fin-Tech IPO Of The Century Just Got Crushed
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Dudley Baker

Dudley Baker

Dudley Pierce Baker is the founder and editor of Common Stock Warrants and its predecessor, Precious Metals Warrants and a 1967 graduate of St. Mary’s…

Contact Author

  1. Home
  2. Markets
  3. Other

What Is Copper Telling Us?

I am going to keep this piece, short and sweet as I believe the charts below will speak volumes about where we are in these markets and more importantly, where we are heading.

The world seems to be on the verge of a meltdown but, if so, why are some of the commodities telling a different story?


Copper

Copper has been on our watch list for sometime now as it is a leading indicator of economic investment and strength and with the recent upside breakout on March 2 all we can say is that copper is trying to tell us something.

Daily Copper Chart


Crude Oil

As well crude oil has found a bottom and heading higher and we are sitting at overhead resistance of $35 and looking good.

Daily Light Crude Oil Chart


Gold

Of course we are biased as we are serious investors in the precious metals, but gold also is trying to tell us something as we are on the verge of breaking to the upside out of this triangle formation (see below) and heading to the $1400 area. Gold seems to be sensing some monetary panic is coming from Central Bankers.

Daily Gold Chart

I am highly bullish on the precious metals sector, the common shares and stock warrants.

 


If you are interested in learning more about my services please join me at http://commonstockwarrants.com/.

 

Back to homepage

Leave a comment

Leave a comment