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Playing the Ponzi
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Why “Playing the Ponzi”? I view the entire monetary and financial system as something of a Ponzi scheme. Starting with currency that is created as debt, and running straight through a global economic model that is based on infinite growth in a finite world. This won’t end well. I’d go a step... More
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Playing the Ponzi
  • Copper Forecasting Economic Ugliness? 0 comments
    Apr 17, 2013 11:10 AM | about stocks: JJC

    While the Fed is doing all it can to prop and promote the ponzi in equities, Dr. Copper might be warning that the real economy is taking a turn for the worse. Copper (NYSEARCA:JJC) is breaking to the downside of a 4 year old pennant pattern. This chart is actually a few days old... and copper has pushed lower than this charts indicates.

    (click to enlarge)

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: JJC
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