Richard Postma - The Doctor Is In – Tue 5 Feb, 2019

A Topping Process Of US Markets and Comment On Copper

Doc is with us today to address where he sees the US markets moving as well as the copper price. Still with the tough on the US markets in the longer term topping pattern we also consider how central banks will play a roll in the rollover. As for copper there have been more bullish comments as the price has move up 10% over the past month. The long term charts are still a ways from a bullish break.

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Comments:
  1. On February 5, 2019 at 2:16 pm,
    Paul says:

    Doc you say stock market wont make new highs but if we get a trade deal with china market could test new highs, it may not last but market could soar with trade deal. Your thoughts.

    • On February 5, 2019 at 2:40 pm,
      RICHARD/DOC says:

      Paul, you could be right—all I’m focusing on are the technicals and currently they’re not showing any big move up—of course that could change with an unforeseen event.

  2. On February 5, 2019 at 2:18 pm,
    Ebolan says:

    Yup Doc, there’s a lot more socialism in our future when this house of cards debt bomb blows up. If you think things are bad now, you ain’t seen nothing.

    • On February 5, 2019 at 2:41 pm,
      RICHARD/DOC says:

      Eb, I agree entirely—the administration, the Fed, and others are scared skinny of a major recession. They’ll try everything in their power to keep this thing going as long as possible.

  3. On February 5, 2019 at 2:29 pm,
    OOTB Jerry says:
    • On February 5, 2019 at 2:32 pm,
      OOTB Jerry says:

      Four banks in the Islamic Republic of Iran have developed a gold-backed cryptocurrency called PayMon,

      • On February 5, 2019 at 2:33 pm,
        OOTB Jerry says:

        Sounds like ghetto slang…….PayMon……..