Get started

Hg1

ridethepig | Copper Quarterly Update (via Supply Side Shortages)📍 Changing Directions... Let us first look at the previous charts for the flows we were tracking in the typical Copper flows inside a crisis: a) Confirming the correction, which is set from an abc retrace b) Momentum is in play here In the lows at 2.1 - 2.3 the clear move was loading on the lows. This was followed by an immediate slingshot out as smart money outguessed the shortages coming on the supply side. First to go as confirmed at the weekend, Chile, Covid has hit mines hard and most are back to 60% capacity AT BEST!! Chile is now a virus hot spot... it is sadly only going to end in one way. The slingshot carried out here is going to be effective at taking out the highs - a commodity shortage is a prelude to the monetary crisis which is cooked for year-end. Those V shapers have clearly not checked the most important chart that ironically begins with a V... VIX above 30 does not imply everything is fine... Thanks as usual for all those keeping the feedback coming in the comments... 👍 or 👎
COMEX:HG1!Long
by ridethepig
2
ridethepig | A game changer break in play for Copper/Gold ratio We can experiment with the opening here in the copper/gold ratio as commodity shortages begin to make the rounds as widely expected. 📌 Probably the most sensible response is to prepare for a slingshot into Copper with reversed flows in and out of Gold. Shortages/ It seems to be an inflection point at an early stage in the crisis. I would have preferred here to have seen the commodity shortages be avoided as more civil unrest will always follow. In a situation where monetary stimulus cannot solve a health crisis and no longer has the possibility at its disposal. We can conduct a whole new round of charts for commodities and look to play the currency exchange legs accordingly. As usual thanks for keeping the feedback coming 👍 or 👎
COMEX:HG1!Long
by ridethepig
4