Lots of talk about falling copper prices today and how they might impact paper gold and paper silver. Recall that we've been monitoring this closely since late July but we should probably go ahead and discuss this again today.
So, for today, this 25-year monthly chart of old DrC. This chart shows the terrible monthly close of July 31, the light support near 2.20 that might lead to the next bounce and the historical long-term support near 1.40 that might be the ultimate bottom again.
And, for fun, here's a chart of copper and crude together. Notice the decent long-term (and economically understandable) correlation. Note, too, that this current decline in BOTH does not bode well for the future of the global economy.
Here's something different for today...Some long-term projections for the stock market. We discuss these two charts in detail:
And here are your updated daily chart for gold and silver:
Don't forget that it's Tuesday. This means that if you're free at 10:00 pm EDT tonight, you can stream John Batchleor and Professor Cohen through either of these links: https://player.listenlive.co/25211 OR https://player.listenlive.co/26491 and the TFMetals chatroom for discussing the discussion can be accessed here: https://tinychat.com/tfmetals
As background, please be sure to read this: https://fortruss.blogspot.com/2015/08/yatsenyuk-will-flee-ruins-of-ukrai... and watch this:
Have a great rest of your day,