$15 by March. Mark the post - reason
1. fib retracements and extensions from 3 confluent swing highs over past 4 years,
2. golden cross follow through on the daily ( hasn't happened yet but should be early january )
3. Copper strength if it hits 2.85 or greater before febuary on building industrial manufacturing guidance from China.
4. resumption of trade war (not required just a bonus)
5. elimination /rollback of tariffs on chinese goods ( everything has copper in it)
Largest conviction play. It is volatile and not for the faint of heart but trades by the book from a technical analysis POV and is a great ride.
Disclosure, my main day tradiny tool for past year. Great swings and powerfull drives. But also an A+ long term hold. 5-10-15-20-30 years - recession or not , the world will be advancing and becoming more and more industrialized as the middle class expands in india and china and the demand for copper will explode. Combine that with supply deficits as early as 2021 and FCX having the largest and best copper/gold mine in the world!
Barring any recession we should see $20 by EOY 2020 and $60 by EOY 2022 when grasberg is fully online and pumping out those lbs!
Best of luck to all
Cheers
TBC