Copper Cycles Update

August 3, 2017

My gut tells me that copper will likely test the $3 level before its 5-6 month Intermediate cycle tops out. The daily RSI is in the nosebleed section, however, as we are approaching the 3 month mark in its current uptrend.

Nearer term, my Trading Cycle count is a bit cloudy but my preferred count is day 31.  We have formed a swing low once again but we did so last week only to move slightly higher.

Given the time copper has spent moving higher (i.e. almost 3 months now), the odds are very high that this Intermediate Cycle will be Right Translated and make a Higher ICL. The next ICL will also be a great spot to add to any miner positions you may have such as RIO, BHP, FCX, etc.

Previous Copper update:


Surf City is a pseudonym for a 60-year-old retired Information Technology Executive and Software start-up Entrepreneur living near the beach in California.   He has been an active investor and trader since the mid-1980s. Analytical by nature, his sound investments over the years allowed him to retire at a relatively early age of 55. In addition to the standard Technical Analysis tools of Edwards and Magee, Surf is a disciple of Walter Bressert’s Cycle Methodology and Stan Weinstein’s Stage 4 Market analysis.  Surf combines these skills to develop his unique “Cycle Price Channels.” Some call them “Surf’s ForkCycles.

Man has had the ability to separate silver from lead for as far back as 4000 B.C.