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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: ajtj99 who wrote (33630)8/17/2021 1:10:37 PM
From: ajtj99  Read Replies (1) | Respond to of 97962
 
There is nowhere to hide today, except maybe the USD and T-bills.



To: ajtj99 who wrote (33630)8/17/2021 1:34:43 PM
From: Jacob Snyder1 Recommendation

Recommended By
ajtj99

  Respond to of 97962
 
Yes. Copper and miners (COPX) are approaching the area they have found support for months. I have been thinking we are in a high-growth hi-inflation market. But low TNX says the opposite. If copper keeps trending down, that confirms the market thinks we are going into a low-growth low-inflation future.

I just took a large position in IVPAF at $7.50. schrts.co This is a mid-cap miner that just started producing. High beta. I will trade around a LT holding, and buy more at $7, and more at $6.50, if it goes lower. May add to FCX and SCCO positions also.



To: ajtj99 who wrote (33630)8/17/2021 10:09:25 PM
From: Sun Tzu1 Recommendation

Recommended By
ajtj99

  Read Replies (1) | Respond to of 97962
 
A lot of metals are falling like a rock. This includes rare earth companies that had been sizzling.

I am kicking myself b/c last week I looked at the chart of copper and then at FCX and COPX and concluded that one of them should be joining the other soon, and I found it more likely that it would be the miners that will fall rather than the commodities rising. And yet I did not short them :(

Anyways, REMX, LYSDY, NEO.TO etc have all dropped ~15% in 3 days (give or take). They should be near a technical bounce.