Gold futures: the decline may be over

It was the first week of August last year when we suggested to readers here that gold had probably reached the end of the rally that had buoyed it since the start of 2016. Soon after our post, futures began a decline that retraced about 75% of the whole rally.

Copper futures 2017-01-21

Copper has yet to break the multi year down trend and thus not yet signaling a more bullish macro outlook. Here are two monthly charts which have two different channeling techniques applied to them. Thus far the regression channel is setting the highs on each bar but...

Copper futures 2017-01-02

Copper has been in a persistent down trend since early 2011. While there has been a sharp rise in November of 2016, the down trend is still intact and therefore should be open to yet another low over then next year or two. The channel on the monthly chart could...