More specific look at DXY levels and their corresponding relation to past price action..local action but trends are global chart ultra-high to ultra low...or recent ultra-high to -ultra-low
The many crosses at the bottom don't occur much, but they really help to set bottoms...just as few lines in space allow for more wild price action until otherwise met at a higher or lower level...
Always remember, these are charts- not reality. When your chart shows great action and then you look out the window and can't relate- its cause its all a paper game- keep that in mind.
Copper takes at best 17, and at worst 30 years to come online for new supply in regards to a mine. Other than the Congo or South America---not much out there. So chart all you want, but you may be a 3rd of a century older until a magnificent mine gets its first nugget of partially refined ore.
So here is a simple example...If you decided you wanted to be a neurosurgeon but you didnt want to get a specific shoulder sticker- you missed out from 2020 to at least 2023 in some states...now you are 4 years back from college, like 3 or 4 from med school, 6 or so from residency, and 1 to 2 years from actual surgery. Ergo...One action of a few people caused a 3 or 4 year delay, that already takes what 16 or more to complete if done on time and pass everything.
There is no argument here or politics..just facts. Too many Gretas got shares in renewable companies and didnt want Exon or Valero from becoming bigger and more efficient...now what?
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