Copper accurately called the bottom in February, bouncing and moving higher before the broader indices. It’s my belief the inverse is occurring now. As copper sinks, the bullish narrative for China darkens and with it the bull run.
Freeport McMoran is the most levered to the space. Its stock is being dismantled today.
All eyes should be on Dr. Copper, for he is a physician in the ancient arts of financial medicine, offering tonics for the infirmed, and bleeding out his patients who get overzealous.
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My greed has f’d me once again..
Doom would be too easy. The Shanghai Copper Bubble is SO BIG, SO UGLY…will make Tulips a joke.
“The Copper Development Association (CDA) has gained approval from the Environmental Protection Agency (EPA) to list copper alloys as antimicrobial. This is the first time that the EPA has approved a solid material in this fashion, which could lead the way for increased demand for copper in germ-sensitive areas.” Copper can destroy germs on contact. Regrettably, the Earth will run out of copper in 25 to 61 years, depending on the demand for it’s use.