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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: Jacob Snyder who wrote (70044)9/22/2022 4:19:05 PM
From: Jacob Snyder3 Recommendations

Recommended By
ajtj99
Lee Lichterman III
towerdog

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Copper: holding up relatively well, pulled:

down, by the impending global recession

up, by re-shoring and ElectrifyEverything, which require massive infrastructure builds. Those builds are not in the future; they are happening now. EV and battery factories are being built now. Everyone is suddenly seeing the risk of needing hard currency to import oil and natgas from unfriendly foreigners.

Sold my SCCO and FCX before $4 copper failed. Sold some IVPAF in August when copper reached $3.7. Had orders to sell more in increments and be out at $4 copper. Hoping for random volatility to give me another selling opportunity in the $3.7-4 range.

After $4 support failed, I don’t know where the bottom is. At the very least, we need to retest the July lows. For now, no buy orders.

schrts.co
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