Thanks for the very large global response per this unique and important quiz.  I owe many of you an apology per not getting back to you…I am sorry!  My oldest daughter got married over the weekend and I bit off more than I could chew per getting answers out. I will try to do better next time.

Below is last weeks quiz.


Below is the answer to last weeks quiz…



Copper created a very large multi-year rising wedge back months ago, suggesting a two-thirds chance that copper prices would break to the downside, sending a message the economy would slow down.. (see post here)  As noted in the above chart, the worlds leading copper producer has declined almost 50% in less than 90 days, after creating what looks like a multi-year double top.

Copper has often been viewed as one of the better tools, per predicting global growth or lack of.  The very large and swift decline now has FCX testing key support.  Keep a close eye on this leading indicator, because if FCX fails to hold at support, the message per a continued slow down would be strong.  If support gives way, aggressive investors would most likely benefit from a position in SMN. 

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past