Monday, July 20, 2015
Copper Weekly Chart at 6-Year Low
Copper drops to a 2.47 handle this morning teasing at six-year lows. Dr. Copper is a key economic bellwether perhaps the most important market parameter since about 5 pounds of copper are in the average car and about 50 pounds in a house. Weak copper indicates that the two important market drivers, the automobile and housing sectors, are likely weaker than thought. Lower copper and commodities are a deflationary indicator. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.