You shouldn’t ‘feel good’ about your lives, all things considered. After all, markets are higher for the year, some sectors are up 30% — and you’re still waiting for the world to end. Part of your central thesis lies in the price of copper — which is markedly lower today, off by 4%. The commodity sector has been overrun by fucking retards, and now a little air is being let out of it.
Not everyone had the eternal fortitude to foresee such eventualities, forging alliances with devils in the military-industrial complex.
Alas, we are approaching an ebb tide in the commodity sector. Numerous news headlines on Bloomberg have warned of a complete revocation of the Trump reflation trade — wrought with criminal elements whose goals are to seek wide ranging destruction of the honest and just investor class.
Let’s examine this market rout.
I have a commodity stock index in Exodus that I monitor for this very thing. Bear witness to the chart I am about to display, which shows a sector in turmoil — giving back 50% of its post election gains.
Those are the operative words: fifty percent.
This is a normal pullback. Don’t let any cock-globlins tell you otherwise.
Also, copper might be putting in a bottom here.
FCX is oversold.
The copper sector is approaching an extreme stress point — ripe for a bounce.
In short, if you’ve escaped the recent drawdown in steel, copper and other commodities, now might be a good time to buy.
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You took the words right out of my mouth
https://youtu.be/_wO8toxinoc
Yeah, or these were just the early warning signs before the indices themselves decide to have more than a 2% dip. Besides a few day heave upward, what kind of rally is the market going to enter with the VIX closing below 10 for multiple days? (that’s a rhetorical question, don’t you know)
I hate to point out the obvious but the 52-wk low of copper is $2.02
Hope you are right fly. I got reamed via the anal lathe today in materials.
Did I never tell you guys about the time I took 87 lbs of copper to this joint and it was high class shit right – so I got the best price.
They took pics of my ID and license plate, etc. Thought I was some kinda hobo.
Did you buy FCX, Lord Fly? Or are you already too deep in military industrial takeover?
Omg – I’ve been listening to your boy Savage btw, dude has a major problem with your love for Tucker.