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Gold, Copper and Silver are working on/breaking key support at (1) in the chart above. Is a Macro message being sent by this price action? Could be…. yet a little early to fully determine if they are.
High yields and Copper have been slipping of late (see leadership slippage). Back in 2008 high yields/Copper & metals weakness were sending a macro message. Keep an eye on these areas to see if they are again!
Watch what these metals do on rallies in the near future….as they test new resistance lines!
