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Cu Status Update? Undecided...

|Includes: Global X Copper Miners ETF (COPX), GDX, GDXJ, GLD

The good doctor has not yet decided if he is rebounding for real vs. the ancient monetary relic or if this is just a reaction to the spring's downside hysteria.  What do you think?  I think legions of greedy bulls want to see asset price increases at the expense of the US dollar.

Nominal doctor Cu meanwhile, continues to deal with resistance noted previously.  A break of this target zone would bring with it increased doubt as to the potential of a deflation issue in the near to medium term.  As yet, copper is simply resetting the emotions of the Euro/Greece/flash crash theatrics.

Disclosure: No positions mentioned.