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FSN: Copper Bounces But Will It Hold?
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by Dan Norcini
Trader Dan Norcini
We have been students of Dr. Copper for a long time over here since it has a track record par excellence. This week the red metal experienced a bout of short covering from speculators who have been steadily pushing it lower for the better part of this year.
Again, at the risk of beating a dead horse here for the umpteenth time, I am on record here as stating the current rally in equities is nothing but a massive Central Bank liquidity induced bubble without the least bit of fundamental underpinning. My reason for this view – Dr. Copper, whom I trust far more than lemming like equity buyers, says “No Deal”.
In spite of trillions of dollars in Quantitative Easing (the balance sheet of the Fed is now over $3 TRILLION and rising) the best the Central planners have been able to do is to generate economic “growth” a trifling bit north of 2%! That is astonishing.
Continue Reading at TraderDanNorcini.Blogspot.ca…
2013-04-26 18:00:07
Source: http://silveristhenew.com/2013/04/26/copper-bounces-but-will-it-hold/
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