Sir North
Sir North,
I look forward to your daily posts of yet another vertical move in gold and silver, but glad that today you got a breather, LOL !!!
The chart of FCX has intrigued me for quite some time now.
From the time it first hit highs in mid 40s about 10 months ago (May 2021 timeframe), I have been watching it, and missed it dearly in the mid 30s in November 2021.
Any good entry points? Any particular TA indicators? Very overbought on a long term chart, but this is not a time to look at long term charts, as I believe the commodity markets (and the well known tickers) will offer very few gentleman’s entries now, with inflation roaring and the prospects of China/Russia cornering more and more of the real stuff.
Sir Fully, thanks for authoring the best post of yesterday.
The article by Pepe Escobar on The Saker’s website was a real eye opener. The depth of the comments in that article are worth reading again and again, especially the longest one by “Krungle”, and many other comments by many other very educated commenters also.
https://thesaker.is/russian-judo-tears-the-west-apart/
GL
GL, To be honest, I am not a good short-term trader. So I will only say that I see support at around 44, and if that gives way 41 to 42. Lower than that I believe the bull run would be in danger because FCX would be making a lower low.