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Of all the commodities, copper is frequently extolled for its ability to predict the economy, and as such its fans joking say it has “PhD” in economics.
Well, the industrial metal is earnings its tenure.
Not only did it clearly anticipate the turnaround in 2009, you could have used the copper selloff to anticipate the recent swoon.
And now copper is rebounding, while the market is heading down. Is this an opportunity?
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See Also:
- Dr. Copper Says The Bull Is Alive!
- Copper Breaks 17-Month High As Chilean Mining Strike Threatens Global Supply
- Chinese Demand Will Keep The Boom Going For Copper And Fertilizer In 2010