No chart troubles me more than Copper’s, since it implies so clearly that the global economy is doing fine and will continue to expand, even if only moderately, for the foreseeable future. That’s the kind of bilge we expect to read on the front page of the Wall Street Journal, the most enthusiastic cheerleader for the charlatans and economic dolts who run the Federal Reserve. And yet, it’s hard to argue with the bullish look of this chart, or with copper’s known prescience in predicting economic strength, particularly in the manufacturing sector. Under the circumstances, I can offer only a forecast of clear sailing to at least 3.6328, a midpoint Hidden Pivot associated with a bull-market target at 5.3300 (!)  If copper prices are indeed on their way to such heights, then forecasts that the Dow will ultimately hit 30,000 are not so farfetched as we permabears might wish t0 imagine.