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djn21
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First off, I view the entire monetary and financial system as something of a Ponzi scheme. Starting with currency that is debt, and running straight though a global economic model that is based on a premise of infinite growth in a finite world. This won't end well. I'd go a step further and... More
My company:
New Power Media
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Playing the Ponzi
  • Dr. Copper pointing to further upside? 0 comments
    Jun 29, 2011 12:18 PM | about stocks: FCX, JJC

    Risk assets have rallied hard in the last 3 days, and many are at or near resistance.  It looks like Copper is breaking to upside, along with FCX, which often trades in close tandem with Copper.  JJC (Copper ETF) has broken to the upside of its heavily used downtrending resistance, excluding a 2-day pop in early April.

     

     

    Here is a look at instances in the last 5 years where JJC has accurately (or inaccurately) led the S&P higher or lower.  You may need to open the image to get a better look.

     
    Themes: copper, breakout, bullish Stocks: FCX, JJC
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