I think Jerome Powell needs to throw some more virgins into the volcano. Because, whatever they are currently doing isn't working.
Powell is being a big PUSSY... trying to "ease us" into a decline that is minimally destructive for the economy at the expense of ever higher and continuing inflation. That's apparently his play for now... we'll see how well that works and what follows.
On the other hand, we could just ask our 535 duly elected representatives to apologize for the many decades of vote-buying-Ponzi-Schemes they have initiated. Oh, never mind.
How much money did you lose from investing in Dr. Copper ?!?!?!?!? For goodness sake, stop throwing virgins into the volcanoes. Instead, you can throw mega tons of stones into the volcanoes so that they can be recycled. And for goodness sake, stop blaming Powell. And start blaming yourself if you are losing money investing or trading copper. Copper futures is one of the best futures for day trading. Look at the daily day range; it can easily exceed 0.05 points or 1% !!!!!!! (see the red line on the histogram). And there are many days where the day range exceeds 2% !!!!!!!!! Copper has been behaving very well. It has an excellent day range. And it will continue to have an excellent day range until humans become extinct. So stop complaining. Stop looking at copper from the problematic viewpoint. And start to look at it from an opportunistic viewpoint. And start to appreciate what Powell has done for the traders. If you are not earning money trading Dr. Copper, and if you are complaining about Dr. Copper, you should be slaughtered and served as animal fed for other animals. Sorry, no pity & no sympathy for the losers.
The fault lies ... "Not in our stars, but in ourselves." [updated] $copper making new highs (several months) $USD making new lows (several months)
%% LOL/most likely. Strange how those mines tend to have gold/ silver/ copper+ other valuable rocks. Most metals are in a long term/up trend\ cant tell you what all of them did last 5 minutes. I asked a guns + ammo dealer if he wanted a 00.50 caliber, empty brass shell seldom see those/ he said yes. Copper + zinc related