Copper is on the move here in the after hours session, up another 3% on the day. Take a look at the weekly chart below, which shows a clean breakout and a thin pocket to $3:
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With price action like this, I have no desire to short the market. Yuge breakout, YUGE!
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I was on a conference with Vanguards emerging market manager this evening:
Still exceptional value in emerging markets
Vanguard continues to hunt down and buy emerging value companies
China will continue to decelerate but is making gains in aligning with capitalist US
Vanguard is worried about Trump’s China “currency manipulator” designation
Inflation is not a concern going forward
US Treasuries are safe
Low risk of sell off in the US-global markets
Buying Hungary, Turkey, Russia, stay away from central / south america
I posted here because of all the butt hurt libs on OA’s blog clogging the airwaves
Good notes. Thanks.