OTCPK:CPPMF - Post by User
Post by
Rational43on May 07, 2021 3:13pm
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Post# 33154154
I think next week is a rip your face off rally
I think next week is a rip your face off rallyI can see the usual commodity skeptics trying to fade this afternoon, lightening some of their already underweight positions expecting all this commodity "hullabaloo" to quiet down over the weekend.
I think we are setting up for a rip your face off rally, as a bunch of generalists who've been waiting for commodities to crash since last fall start realizing they are falling WAY BEHIND their peers holding commodities, or have the chance to jump ahead.
Like crazy rally, commodity producers up 5%+ per day every day of the week rally....
Or it could be another 5% pullback for the week.
I'm holding strong into the close, because when I see that 1 imaginary Bitcoin can buy 6000 tonnes of refined copper, or 30,000 feet of quality lumber, I know we can't possibly be near the top.
In the 2011 commodity top, CMMC was trading at $8.50, and was still building their current mine. They weren't even producing.