RE:5 year chartSo what does that tell you about the future? Right, absolutely nothing. Charts are great for
looking backwards but not so great at predicting the future IMO. How about the chart that
says forget about the last two years because the next 2 years will be the complete opposite
as in straight up. Can't tell that from the chart but if NF and Miner are right about copper demand,
the current bottom will invert at a 60' degree angle for next 5 years on their way to $10. No
one rings a bell when markets start to take off from the bottom and neither is there any
indication of what is to come from staring at a chart but it certainly is a nice picture of the past.
Look at Oct-Nov of 0'16 and explain how the chart predicts the move from .55 to $3.00 over the
next year. It doesn't but if you followed the copper price, TKO moved in lock step as copper
improved and you will see the exact same pattern repeat again only TKO is three times the company now as it was back in 0'16.