Wednesday, July 8, 2015
COPPER Weekly Chart Copper Price returns to 2009 Levels
Copper is back to levels not seen since 2009. Dr Copper is a key economic bellwether with 4 or 5 pounds used in each car and 50 pounds in a house. Thus, if the doctor is in sick bay, perhaps the key auto and housing sectors are not as healthy as investors think. Falling copper is a deflationary indicator. Keep an eye on the 'other yellow metal'. Copper bounces in today's trading. Copper has dropped from 2.96 to the 2.38 low yesterday, -20%, during the last seven weeks. 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.