Nevada Copper Corp NEVDQ

RE:Some day NCU will have it's day in the SUN !

[bogfit]

To prevent misunderstanding -

What Is Doctor Copper?

"The term Doctor Copper is market lingo for this base metal that is reputed to have a "Ph.D. in economics" because of its ability to predict turning points in the global economy. Because of copper's widespread applications in most sectors of the economy — from homes and factories to electronics and power generation and transmission — demand for copper is often viewed as a reliable leading indicator of economic health. This demand is reflected in the market price of copper."

Doctor Copper (investopedia.com)

I know I have perhaps added to the confusion by referring to Dr. Copper as a medical doctor, i.e. curing economic ills.  Now the critically important question you raise is: has copper’s chart pattern really “set the stage for a new rally.”

First obviously a chart is a look back, and as such all charts today are recording two distinct economic environments, before the war and now during the conflict.  I suggest that demand and use of copper hasn’t changed materially in the last two weeks, two other factors however have changed considerably.  One is the purchasing power of the USD, the other is uncertainty.  No one really has a clear picture of what our markets will look like two weeks from now, and unfortunately no past record can offer much of a clue.

Ironically today It is far easier to forecast economic conditions 6 months from now than to predict its course over the next 6 days.  I expect that if we can resolve the European conflict quickly and with minimum further loss of life, that the economy will quickly start to pick up again, perhaps in a few weeks.  After that our future is in the hands of Republican Senators who are determined to obstruct our efforts to repair and expand the economy, to further spread discontent and thus bring themselves to power.  It should be obvious that a booming economy is best for retail metal investors, so I have trouble understanding those who vote against their own interests just to maintain their membership in a party's culture war.. 

If we can get our act together and address the critical needs our nation has, I believe that the Biden recovery or Bounce as some call it, will resume and copper’s demand will push the metal to new heights.  What with climate change and armed conflict increasing food costs, important mining regions will be racked with hunger and civil unrest.  Majors will be looking for reserves in “safe” locations, and wouldn’t a bidding war for NCU be nice?

Well, would it?
 
b.