Agreed. If you already have good intuition, then listening to others is futile.
Look at the recent moves in the copper market.
Reason: It's so easy to create an Algo strat that simply breaks-even after commissions and fees.
2 big bars down in a row...this move has just gotta be related to the tariff war.
That being said, HG has plenty of support at 3.03-3.10.
Copper appeared to break-out of the 3.0 - 3.10 range recently, but then pulled back....
Once again, where's the profits ?
re: "though he declined to disclose how much he is making running the fund,
Where are the profits though ?
I see tons of trades and a pile of commission payments.
It's an interesting scenario right now....rising interest rates....rising commodity prices.
But it could end badly.
I'd love to get a pull-back to 3.0
It could happen:...
Very doable ... if China heats-up again.
HG formed an inverse hammer pattern today......not good.
Still, it's made a $5000 move over just the past few trading days.
Once again, Musk has been able to gun the shorts. Wow, his low key approach on the conference was superb.
He once again makes B.S. of the Model 3...
Interesting thought Maverick.....prices rise, then Trump renegs....and they go back down.
Sounds like a great trading opportunity to me.
I see that break-out....it's about time for HG. It's been stalled in a trading range for so long.
I remember when it was up to 4.0 at one time....
Just buy and hold 5 contracts. What's the problem ?
Now keep in mind, if housing declines, that would be the worst case scenario for you.
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