SPQ 14.3% 0.8¢ superior resources limited

SPQ chart, page-251

  1. 5,006 Posts.
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    I think its clear where copper and nickel are headed. So I thought I would pop up the GDX index graph of gold miners. Thinking its a more accurate state of play than the spot price given Basel 3 at the moment changing the rules for international settlement to include gold on a 1:1 ratio which effectively kills the old COMEX way of doing business.

    The GDX is on a impulse 3rd leg of the Elliot Wave. A more precise partly completed Gartley pattern is also indicating a rise. These patterns also support a clip magnabarron posted on another company which I have also included below. All very interesting.

    https://hotcopper.com.au/data/attachments/3334/3334607-eae3a5f48330dc03a9a012b997df9cbf.jpg
 
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