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.
As well crude oil has found a bottom and heading higher and we are sitting at overhead resistance of $35 and looking good.
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.