Copper Contango Update: Setting up for Take-Off

Dears, I'm getting increasingly excited with the prospects in the copper market. The contango has yet steepened again, while the copper price is still in an uptrend (Chart 1 and Chart 2). Once the copper contango goes back into backwardation (red dots go down), the copper price will surge.

The copper price trend is in an ascending phase (Chart 2) and that tells me that stocks will rise (along with gold). Bonds will suffer greatly as the USD will plunge.

You can bookmark this post and remind me in a month from now.

Chart 1: Copper Contango

Chart 2: Copper Price