When to expect next market crash
Copper and oil usually bottom together… go through some of my old posts.. I have a couple of charts on this.
Monthly copper chart:
Monthly WTI chart
So, I’m expecting a FED relax on QE to infinity… or a hawkish tone.. that will scare the markets to break down… should be when QQQ and SPX at ALL-time highs… and oil/copper hit a monthly defined “wall” (previous support turned resistance)
I’d also be mostly cash (maybe USD which should be at a low point then)… and ride out the crash. Then go long gold once again!
Thank you for the post. I was also expecting an oil price reset. Any guess on how low the oil could go in coming days / weeks.
35$-45$ WTI should be attainable in next couple months.
FED hawkish tone? I think that went out with Volker