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Am seeing an across the board (albeit mild)

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nowwhat2 Member Level  Friday, 08/07/20 02:35:12 PM
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Am seeing an across the board (albeit mild) sell off in resources

Dollar is up (altho not a LOT) yet.....against the loonie too.....

This here is copper down four percent (on a Friday) ......and it might be just like them to drop it another 3 % on Monday .....
Given its' giant-sized 6 month run (plus see Chart 3 below)




.
DURING EACH AND EVERY RECESSION COPPER CERTAINLY DID TANK !......




SUDDENLY THAT'S NOW AT 2.75






Whole lot of gold stocks down 3-6 % today - This is a Precious Metals ETF - Check out GDX and GDXJ
Compare with Chart 1 above






Meanstwhile on the SPY one can almost HEAR Powells' brrrrrrrr machine !.....Last 333.33





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