Golden Touch:
Commodities are saying inflation is on the way. The truth is, it has been here for some time. Lumber prices have been red hot, up more than 100% in 2021 (would never know that from the PRICE action in LL, now 31% from most recent 52 week highs). Palladium prices are strong. Steel is higher by more than 160% over the last one year period. Copper via the JJC is nearing a cup base pivot of 65.92, and a break above that trigger would negate a bearish dark cloud cover from the 2/25 session. Below is the chart of FCX, and it continues to make strides upward, now just 7% off its recent peak. The stock has some exposure to the gold arena, which seems to be waking up also. Against chief rival SCCO, it is acting much better with that name double from its annual peak, down 14% from its ascent made the week ending 2/26, which CLOSED 12 handles off its intraweek highs.