Metals SupercycleAnother bullish looking chart in the metals space. This time it's the Blackrock World Mining Trust chart, which has shown strength in recent weeks and is breaking resistance levels.
- Cup and Handle formation, breaking out of the handle
- Golden cross, the 50 day has just crossed the 200 day moving average
- Golden remains close to all time highs, copper looks strong and iron ore demand likely to rise in the near future if the Chinese stimulus package is announced.
- End of the ABC correction, buyers are now stepping in and the path of least resistance is to the upside.
Not financial advice, do what's best for you.
