Richard Postma - The Doctor Is In – Wed 7 Mar, 2018

Will Copper Outperform Gold In The Next Year?

Today Doc and I look into Copper and some levels we are watching. We also compare copper to gold to see which will outperform over the next year.

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  1. On March 7, 2018 at 11:55 am,
    spanky says:

    Silver confirming yesterday was nothing but a pump n dump, as I predicted.

    More pain in the miners coming in the weeks ahead. It’s anyone’s guess whether the intermediate cycle low comes in March, April or May. With gold’s CoTs still being bearish, there is plenty of time for severe pain to be inflicted. The sector is going to be shorted on every single bounce. Traders have been so well conditioned now with these cycles, especially heading into the FOMC meetings.

    • On March 7, 2018 at 12:30 pm,
      Matthew says:

      Damn you are funny. To fill giant gaps is normal, not bearish, but to only fill giant gaps on a day when the stock market is selling off is more bullish than bearish.

      AG, for example looks just fine:

      • On March 7, 2018 at 12:52 pm,
        spanky says:

        The March 1 low may hold for a week or two, but I guarantee you it will be broken in due course.

      • On March 7, 2018 at 12:59 pm,
        spanky says:

        That AG is but ugly. You think that is a double bottom on the chart–looks more like grannie’s udders to me.

        The craptastic silver miners could possibly positively diverge for a bit, but when have we ever seen a major low struck off of a large rounded base, like with IPT and a host of others? “Never” is the answer. It’s going to be a V bottom or nothing.

      • On March 7, 2018 at 1:06 pm,
        spanky says:

        Your IPT is also now overbought in terms of the weekly stochastics. No way in hell it embeds overbought at this point. It’s headed back down for the next month or two or three.

      • On March 7, 2018 at 2:02 pm,
        Matthew says:

        Ok, you’re funny and hopeless.

        • On March 7, 2018 at 3:07 pm,
          spanky says:

          your fork support charts haven’t panned out in almost two years. You have some serious chutzpah calling me hopeless.

          • On March 7, 2018 at 10:31 pm,
            Matthew says:

            You refuse to learn and I consider that hopeless.
            It’s funny that you don’t have anything to say about all the guys who keep calling for 1220, 1250, or even 1270 gold while it refuses to go below 1300. It was the same in December. They get a pass from you because you are biased and you are biased because you bought wrong. And why did you buy wrong? Because you are hopeless when it comes to learning what you need to.

            My tools always “pan out” whether they do so when I want them to or not. It beats the hell out of missing every low that comes along like all the “humble” experts who blew it in 2016 (but pretend they didn’t).

  2. On March 7, 2018 at 12:04 pm,
    james says:

    The advanced economies are stuck in a AGENDA 21 & 30 Recycle Environment ! ONLY GOLD !!!!!!!!!!!!

  3. On March 7, 2018 at 12:18 pm,
    spanky says:

    If you look at $silver CoTs between July 2014 and Nov. 2014, the commercials had extremely small short positions, yet price tanked from about $19 to $16. The commercials’ short positions actually increased into that low!

    So the fact that commercials are barely short right now is meaningless. Couple that with the fact that gold’s CoTs are basically outright bearish right now likely means silver is going significantly lower and IMO is potentially going to be trending lower from here over the very long run given the severe damage and overhead resistance that will be in place. And yes, I acknowledge we can get a significant bounce at the next intermediate cycle low, whenever that is.

  4. On March 7, 2018 at 1:02 pm,
    Scott says:

    Thank you Doc for your comments. I always learn something about how to read the charts when I listen to your interviews.

    • On March 7, 2018 at 1:33 pm,
      RICHARD/DOC says:

      Scott, thanks. I’ll try to do more of that in the future—I guess I just take it for granted everyone else understands what I do. Whereas other chartists often use one methodology I attempt to learn multiple methods and wed them together. They often validate each other. I have my own method I lean on mostly and then I throw cycle theory into it to allow me the best time to purchase.

      • On March 8, 2018 at 12:20 am,
        Excelsior says:

        Good thoughts and insights Doc. I liked throwing in the cycles in combination with the technicals for identifying time ranges were a low/high turn are most likely, and when a trend is early/late in the cycle to minimize risks in entries and exits.


  5. On March 7, 2018 at 1:44 pm,
    Chartster says:

    Interesting thoughts on copper, Doc. I was thinking that copper might get a nice bid in about two or three weeks. The COPX chart and a few stocks are looking like they might get a move up starting April.
    I do think gold will do better in Q3 and 4.

    Always enjoy and respect your analysis.

  6. On March 7, 2018 at 2:12 pm,
    Dick Tracy says:

    Irving Resources another of Bob M’s picks looks like it will beat NVO. Irving isn’t a sleeper anymore it is now a beach ball that has money buying it’s shares. DT

    • On March 7, 2018 at 5:02 pm,
      OOTB Jerry says:

      NVO screwed up a couple of months ago with it’s drill experiment……..customers loss of confidence in management…………..JMO

      • On March 7, 2018 at 5:03 pm,
        OOTB Jerry says:

        Bob was spot on with his comments concerning some of the experts……..

  7. On March 8, 2018 at 12:24 am,
    Excelsior says:

    Rob McEwen: We’re In The Beginning Of A Bull Market

    Kitco News – Mar 7, 2018

    “We are entering the early stages of a commodities cyclical bull market that could last another 10-12 years,” said Rob McEwen, Chairman of McEwen Mining.

  8. On March 8, 2018 at 9:30 am,
    spanky says:

    Silver’s 200 dma has definitively crossed below its 600 dma. That has never ever been a good sign in the past. It did this back in 2000, and it didn’t bottom out until a year later.

    But maybe this time is different?

  9. On March 8, 2018 at 9:37 am,
    spanky says:

    There is absolute no reason to be long silver until it can recapture the 600 dma. None.

    • On March 8, 2018 at 11:15 am,
      Matthew says:

      So I’m guessing you’re long silver – just a hunch.