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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
  • FCX Following Copper Lower? 0 comments
    Apr 17, 2013 11:11 AM | about stocks: FCX

    Copper had a very anemic bounce yesterday and is pushing lower again today. FCX is following suit, but out of a different pattern. Boy that sure looks like the same Head-and-Shoulders that threatened last summer, except now FCX has actually broken the neckline.

    (click to enlarge)

    Disclosure: I am short FCX.

    Stocks: FCX
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