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#1 fib_1618

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Posted 05 March 2022 - 03:39 PM

Longer term, monthly, since inception (click on the charts to enlarge if need be).

Time to save some coin!

Fib

metals030422.png 

 

http://www.technical...etals030422.png


Edited by fib_1618, 05 March 2022 - 03:42 PM.

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#2 CHAx

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Posted 11 March 2022 - 03:23 PM

Any technical thoughts on mining indexes?  PMs/copper/other base metals?



#3 fib_1618

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Posted 11 March 2022 - 06:12 PM

Any technical thoughts on mining indexes?  PMs/copper/other base metals?

 

I've been posting weekly advance/decline data that includes the PM's for a couple of months now in the Market Analysis Area of Traders Talk.

 

Copper recently went to new all time highs last week and then promptly collapsed.

 

Overall, with higher interest rates being Kryptonite to precious metals, and the economy slowing due to bad judgement calls from politicians, there are probably better areas to look at on the long side as the metals are an accident just waiting to happen (at least technically).

 

Fib


Better to ignore me than abhor me.

“Wise men don't need advice. Fools won't take it” - Benjamin Franklin

 

"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw

 

Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.

Technical Watch Subscriptions



 


#4 dougie

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Posted 18 March 2022 - 04:07 PM

 

Any technical thoughts on mining indexes?  PMs/copper/other base metals?

 

I've been posting weekly advance/decline data that includes the PM's for a couple of months now in the Market Analysis Area of Traders Talk.

 

Copper recently went to new all time highs last week and then promptly collapsed.

 

Overall, with higher interest rates being Kryptonite to precious metals, and the economy slowing due to bad judgement calls from politicians, there are probably better areas to look at on the long side as the metals are an accident just waiting to happen (at least technically).

 

Fib

 

high interest rates always krytonite to PMS???



#5 CHAx

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Posted 19 March 2022 - 11:27 AM

 

Overall, with higher interest rates being Kryptonite to precious metals, and the economy slowing due to bad judgement calls from politicians, there are probably better areas to look at on the long side as the metals are an accident just waiting to happen (at least technically).

 

Fib

 

 

My understanding (and correct me if I am wrong), but during the 70s-80s, it wasn't interest rates in nominal terms that were the kryptonite for commodities, but rather its when the nominal interest rates are significantly higher than real interest rates that they face a stiff headwind.



#6 dougie

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Posted 19 March 2022 - 04:44 PM

bearish case:

https://twitter.com/...7056002/photo/1



#7 hhh

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Posted 19 March 2022 - 07:13 PM

The $US's value against a basket of currencies could have little to do with the price of PMs though. Both were going up for a while.







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