Let's start with some good news. Dr. Copper, the metal with a PhD, has formed an impressive base, as you can see on the chart below. Everybody uses copper for almost everything, and when copper prepares to ascend, it's bullish for world economies.
Speaking of metals, the only better conductor of electricity than copper is silver. Below we see a formation that I think is bullish. We see an up-slanting base and then upside resistance at around 25. I suspect that silver is readying itself for a push to the upside, and if silver is ready to "roll," gold cannot be far behind.
Because it is so important, I'm including a P&F chart of silver below. Silver has rallied and is now ready to attack resistance starting at the 27 box. A bullish upside effort would arrive if silver can move into the 32 to 33 boxes. This could just be an exciting ... Log in or subscribe to continue reading.
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