COPPER BREAK OUT : Cut and Paste This breakout gives us a lot of information regarding the validity of the recent moves in rates and other risk assets. Copper’s explosive move confirmed what the rest of the market has been implying for weeks now…
This is the beginning of the next leg higher within a cyclical bull market.
And how do we want to play it? Well, one way is to be long copper above 4.40 with a 2-4 month target of 5.85.
The copper/gold ratio and the US 10-year yield are two related charts we want to watch: