GLNCY Glencore Daily Chart Commodities Collapse Traders Ask if Glencore is Another Lehman Brothers

Coal, iron ore and other minerals and metals producer Glencore has had a spectacular fall from grace. Glencore has crashed from above 12 in July 2014 to 2.07 in September 2015 an over -83% failure. Glencore is up +10% off the 2.07 bottom in today's trading. The death cross (red circle) chart pattern occurs in early November of last year 10 months ago.

Just as Lehman Brothers brought down the global financial system in late 2008 concern grows that Glencore may be another Lehman Brothers. The commodity rout is extensive and represents rampant global deflation. 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.