"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Thursday, July 29, 2010

Doctor Copper's Miners

Here is another way of looking at it; the miners of the good doctor as represented by this fledgling ETF have broken above resistance (now support) off of a bottoming pattern.  Do we stomp our feet until the bearish view comes into play or do we wait for something like this to give a signal?  Copper is usually a good lead on the general bull construct, no?  I will choose to tune out the China hype and watch the chart.