Copper had a good run. I'm pouring one out for it. Don't get left holding the bag with a shit eating grin on your face. It's Gold's time to shine. To the elation of the bugs. The setup is hard to ignore.
Those energy ETFs have no stop. Biden's energy policies have failed so miserably. And Fed is clueless about the inflation. They will wait until CL goes to $85 to act, if ever. Or they say CL will drop dead to $50 again after the "transitory"..... blah blah.... Take the smooth ride. Enjoy!
I'm guessing $72 WTI on Monday. Today one of the rare days when Oil and Nat Gas are both strong at the same time.
Looked bad premarket but this is the move I was expecting in WTI. However, it's unclear at the moment if we can get it done or not this week ( given certain news items ). Producer stocks haven't responded much but they tend to do well prior to the Oil inventories report. Could be a rush on the stocks if Oil breaks $70.
%% QQQ looks like a great value /LOL. Actually qqq + tqqq have done so well for so long/decades- i would be surprized if it does not do better than SPY by year end. NOT a prediction.............................................Good trends in energy + metals.
This trade still trending nicely except Nat Gas has picked up nicely now $3.28 after taking out $3 as I suspected.