Silver, Copper, Gold weekly

Silver has been attacked and driven to a lower low that extends the Cycle degree low of 2016. This indicates abnormal forces at play once again in this rigged and corrupted market. 

Copper ($US/lb) w/update 13th Jan 2020.

13th Jan 2020:

 This 4-hourly view for the USD Copper futures takes a closer look at the price pattern since the commence of Primary wave [3]. Intermediate wave (3) is seen to have subdivided into the Minor waves within which Minor wave 3 is seen to be extending away from its mid-point reset and is reaching for the top of Minute wave [i] of the extension pattern.

12th Dec 2019:
This weekly overview of copper futures sees indication of the commence of Primary wave [3] of Cycle III. This can also be a minor upturn within a slow-moving sideways extension of Primary wave [2]. Correlations between resource sector constituents appears eroded. Commodity prices remain generally suppressed whilst PM's are seeing some tentative and nervous safe haven and speculative interest.

Copper ($US/lb)

The $US price action for copper is looking to commence Primary wave [3] and as such is lagging gold and silver by close to a year. This weekly chart also describes the 5 year cycle degree correction of resources between 2011 and 2016.

The daily chart examines wave [2] ..