Today’s rally is being led by steel, aluminum and copper stocks. This is an affirmation that all is well and good in the great dog eating walled nation of China.
FCX has catapulted above $11, more than tripling from the February lows.
Spearheaded by the price of iron ore, X, has done nothing but outperform.
There is literally nothing that can stop this pornographic train of profit from stopping now. We have the oil, the resources and the debt to pull it off.
NASDAQ 5000 baby, here we come!
Note: I shorted more XLE because it’s fucking retarded.
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Dollar [DXY]… bottom of it’s range since early last year.
If it doesn’t crack through what looks like pretty heavy support then gold will have a problem.
I hope to see the barbarous relic drop to zero.