Paging Dr. C

48
Thu, Jul 7, 2011 - 3:27pm

Just a quick note to follow up on something we discussed last week.

https://www.tfmetalsreport.com/blog/1172/chartdaddy

If you haven't noticed, DrC is kickin ass and takin names. Up over 2% today alone and it has crossed a very important technical barrier. IF it can consolidate and hang here...and I think it will...it looks to be breaking out and rolling higher at almost exactly the same time as last year. Here, see for yourself:

So, why is this important? As mentioned in the post from last week, copper has a track record as a leading indicator of future PM price. While copper rallied about 45% in the time period listed above, gold and silver had huge gains, too. From 8/1/10 to 1/1/11, gold rallied about 22%. In the same timeframe, silver rallied over 70%!

Similar performance in the remaining months of this year would take copper to nearly 600, gold to 1850 and silver to 62.

In summary, watch ole DrC very closely in the coming days and weeks. If it starts moving out to new highs above 465, it will be just another surefire indicator that the next UP move in the PMs will be explosive and amazing. TF

About the Author

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  48 Comments

spotgoldprice
Jul 7, 2011 - 3:29pm

Hear, Hear! Quick buy some

Hear, Hear! Quick buy some gold!!

ScottJ
Jul 7, 2011 - 3:45pm

Intensifying soon... don't forget to mentally prepare

Fantastic source to help mentally expand your horizon: (Thanks Lottiedah)

https://awareness.tk/

(Part 1)

Anthony de Mello - Awareness pt.1 on waking up

--

Because this type of stuff is coming... :(

https://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/7/7_Ge...

We must find ourselves before we can do anything else....

sevin
Jul 7, 2011 - 3:49pm

Dr. C is rarely talked about,

Dr. C is rarely talked about, but I like to follow it. $5.50-6.00 is not out of the question! Bringing Dr. C back to life. Thanks Turd!

lottiedah
Jul 7, 2011 - 3:58pm
Goofy
Jul 7, 2011 - 4:00pm
Rui
Jul 7, 2011 - 4:01pm

A raid on the way?

Trading on the mining shares during the last 15 minutes seemed to indicate it.

SilverWealth
Jul 7, 2011 - 4:04pm

copper

I would argue that move in Copper last year correlated with the QEII announcement that came at their fun time conference out West. To anticipate this same pattern playing out this year imo the markets would have to be discounting QEIII perhaps?

SilverTree
Jul 7, 2011 - 4:16pm
GoldenTurds
Jul 7, 2011 - 4:23pm

Dr. C is "strong like Bull"....

said with a Russia accent.

Oil and Copper are telling me to buy now. We shall see.

Great follow up post TF. Big Thanks.

Will be a big time party if silver hits 67.

We might need a forum to plan a Vegas trip when Silver hits _____. (fill in the number 55, 67, 75)

Bay of Pigs
Jul 7, 2011 - 4:28pm

DrC and the PM's

Turd says "Similar performance in the remaining months of this year would take copper to nearly 600, gold to 1850 and silver to 62 ".

These are not outrageous projections at all, although some may think so. The fact of the matter is that continual currency debasement (QE/stimulus in whatever form), with massive deficits will provide the fuel to drive the metals higher. There are supply/demand issues to deal with as well, as the McGuire/China exchange story pointed out.

$1550 and $38-40 are clearly the defense lines for the cartel. A breach above these (a couple of strong closes) and we're off to the races again.

Santa Sinclair will see his $1650 this year. Just a matter of when.

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