FCX - another bullish signalTwo weeks ago there was a nice bullish signal on FCX, and now the signal is even stronger. It looks like the uptrend that started with a double bottom is still in place, and this sideways movement going on for a couple of months has been a correction. I expect FCX to to back to the old 2013 highs at 38$, that means risking about 60 cents for 4 dollars, a good deal anyday.
I'm sort of bearish on gold, but I'm bullish on copper, and FCX is greatly correlated with copper.
