look at a 10 yr chart of FCX
that downward sloping resistence line is about to be breached.
a breakout in FCX should be an important indicator about the price of copper &/or gold .
copper has a big H&S on the 3 yr chart. is it going to abort and break up instead of breaking down?
how many central banks around the globe are no longer thinking about when they will raise rates? and
instead they are going to start talking about more fiscal stimulus...(china & europe are both in recession)
Thanks bear!
Keep us posted.