Closing Thoughts

12:54 pm.

FCX stole the show today. It was unstoppable, like a bull on fire. FCX will eventually make new highs. I remain long. I might try some call options on FCX on a pullback.

bull-on-fire

GDXJ broke out of its five-month-corrective channel. It looks like GDX will close above the prints and IAU will close above 11.20. I think the mining stocks are going to fly higher tomorrow. I remain a bull on the miners.

I bought VALE and I think VALE will work its way up to $10 over the next coming weeks.

SPY  and XLF had an all day up day today and the bull is note quite done yet. The dollar fell out of bed as anticipated.

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