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