Dr. Copper Catches Cold
Podcast: Download (Duration: 15:47 — 10.8MB)
Base metal close to support… what next?
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Ross Clark
Is an investment advisor with CIBC Wood Gundy in Vancouver, Canada. He has specialized in technical analysis of the markets since the 1970’s. As a charter member of CompuTrac and then user of TradeStation he has developed trading programs and proprietary indicators. It is his belief that market timing and shifts in asset allocation can add value to investment portfolios.
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Ross seems to have changed his mind as he went from saying gold would bounce of the 144 DNA to go a lot higher to now apparently saying it is going to linger below 1500?
EVIDENTLY, this can consolidate before my DEPOSTION
Gold Stocks ? , rockets to the moon ?, not a word…
Who would have thought, US indices for new highs, gold stocks for 2007 levels. incredible stuff
After Ross spoke, USD down, Copper, gold and silver up a big. SPX up strongly.
Now SPX breakout two and half months high, broke the overhead resistance. Is this a bear market rally? If it is, Ross needs to change his analysis. It is a difficult market!