Gold and Copper shows a long term signal

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Gold and Copper shows a long term signal 

Check out the long-term chart of gold futures overlaid with copper:

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These metals are in the process of carving out decade-long bases.

Based on Friday’s intraday action, gold is trading above its prior commodity supercycle peak at approximately 1,924, while copper is holding less than 50 cents below its high of 4.6495.

Both are on the precipice of resolving higher and launching the next structural uptrend.

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