The Old Farts' economic signal, copper, dumped 8% yesterday.
That's not good news.
...Copper fell over 8 per cent today, after a 1.3 per cent fall yesterday hitting its lowest level in nearly five years on the back of an 18% decline last year....
...While copper has seen the most notable declines, other industrial metals are also faring poorly. According to Bloomberg, "A gauge of the six main industrial metals has declined 9.3 percent in the past 12 months to the lowest since June 7, 2010."...
This may have to do with the end of the ChiComs' manipulation of the price (upward) over the last several years. Or it may be what it usually is: a signal of an upcoming recession.
Keep your eyes on the ball.
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