up it goes again but this time it is not due to index futures. also it seems it is not due to US dollar weakness. eur gbp not showing sign of strengthening. this time copper and gold futures are correlated and they will probably end up with very very long blue candle. There should be reason why these are extremely bullish. perhaps we will know the answer 2 days later (news reporters tend to be very slow )
Until copper gets above $3.00 I don't think you could call it bullish, much less extremely bullish. For gold $1285, and for silver $16.15. Short of these levels, I would consider any rally a bear rally.