Commodity/CNC supercycle This evening is proving a very important theory. That the dollar is being put to rest. I won't go into details as to why. Can it rise tomorrow? The answer would be yes. And I'm sure a few will then jump down my throat in disagreement. But ultimately they will be proven wrong. If this theory is proving out, then that means metals and other commodities are about to enter their supercycle (metals already sniffed this out and taken a head start) and the dollar heading for a multi year decline. This should be a huge tailwind for CNC and other miners going forward barring any black swan surprises. There will be some hard times ahead but let's hope CNC is long gone before then.
I'm going to be keeping my posts to a minimum and limiting any target projections going forward. Sometimes things don't always go our way but we need to re evaluate and adapt when that happens. I know many get upset when we don't hit those targets. The important thing is whether people feel we're seeing a fundamental negative change. I'm not seeing that. At least not yet. All Ill leave you with is I believe some good things are coming this way in the near future. For those that recall any of the targets, I would be paying attention. Have a great evening. GLTA